Implementing the latest wave of new accounting standards will significantly test insurers. Although CECL, IFRS 9, IFRS 17, and LDTI are quite different, each of them have broad financial, organizational, and operational impacts. Collectively and individually, these standards require insurers to reassess their data, workflows, scenarios, calculations, disclosures, and reporting. Accordingly, solution design choices become critical as insurers start building flexible systems to quickly test how these standards affect the business—while enabling them to better understand what is driving change.
This webinar focuses on what insurers can expect when implementing the CECL, IFRS 9, IFRS 17, and LDTI accounting standards. The presenters will touch upon several topics:
The new standards and their possible implications
The business-related impacts on insurers
Implementation challenges, including:
Workflow and Automation aspects
Moody’s Analytics point of view on potential solutions
Please note this webinar has now concluded. Click here to view the presentation slides.