Implementation of the new accounting standards (CECL, IFRS 9, IFRS 17, LDTI) poses a significant challenge for Insurers. The standards are quite different but they all have broad financial, organizational and operational impact. Collectively and Individually, the standards drive need for additional data, workflow, scenarios, calculations, disclosures, and reporting. Solution design choices become critical as Insurer’s look to build systems that provide the flexibility to quickly test impact of the standards on financials and better understand the drivers of 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:
- Data issues, including availability, granularity, and allocation/aggregation
- Methodology options for assets (CECL, IFRS 9) and liabilities (IFRS 17, LDTI)
- Attributing changes and identifying where they occur from period to period
- Reporting and disclosure requirements
Workflow and Automation aspects
Moody’s Analytics point of view on potential solutions
- Laurent Birade Solutions Specialist
- Srini Iyer Solutions Specialist
Join our Moody's Analytics experts as they focus on the implementation challenges of the new accounting standards – CECL, IFRS 9, IFRS 17 and LDTI.
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Many institutions are struggling to apply the CECL standard as it pertains to credit cards, and in particular determining the lifetime value for credit card portfolios. In this paper, we explore the different approaches to evaluating lifetime estimates for the credit card portfolio.
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