LDTI: Finding a solution for today and tomorrow

Market analysts who rely only on the current general accepted accounting principles (GAAP) regime find it hard to understand the risk of insurance contracts, what benefits need to be paid, and how often liability assumptions are changed. The FASB has proposed a solution to this issue: long-duration targeted improvements (LDTI), which is a strategy to radically improve the accounting rules for long-term insurance contracts. SAS can help insurers address the data and technology complexities of LDTI with a solution that solves the problems of today while looking ahead to obstacles of the future.