Don't underestimate the impact of LDTI
Long Duration Targeted Improvements (LDTI) is a set of focused changes to improve, simplify, and enhance aspects of accounting for long duration contracts. It’s also the biggest change to US GAAP reporting in the last 40 years. Even though the deadline for compliance isn’t until January 1, 2023* (proposed), LDTI requires significant changes to data, processes, and people — all of which takes substantial time and effort!