US life firms under pressure from accounting overhaul

Published in: Risk, Corporate strategy, Accounting - tax, Investment risk - strategy, US - Canada - Bermuda, Software - IT, IFRS 17

Companies: EY, PwC, FIS, Milliman, Moody's, American Council of Life Insurers, ACLI

It has been billed as the biggest change in US accounting rules for decades. But reportage of the new US GAAP LDTI standard remains sparse. Since coming into effect in August, with an implementation deadline of 2021, companies have been scrambling to assess the impact. Sarfraz Thind reports

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