FASB 'Insurance—Targeted Improvements to the Accounting for Long-Duration Contracts': Milliman MG-ALFA valuation road map

  • Print
  • Connect
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • Google+
By Van Beach, Charles S Linn | 31 July 2018
Milliman is enhancing its valuation software offerings to support the Financial Accounting Standards Board (FASB) standard “Targeted Improvements to the Accounting for Long-Duration Contracts.” The MG-ALFA® solution offers GAAP calculations under legacy methods and will be enhanced to address the Financial Accounting Standards Board Targeted Improvements requirements for all long-term life, annuity, and health products.