Refining US GAAP for Long-Duration Insurance Contracts

REGISTRATION FEES

• Members: $55
• Nonmembers: $110
• Group Registration for Academy Members: $500
• Complimentary registration is available to the following cohorts of Academy members. Contact education@actuary.org to request a discount code to register.
  • Government regulators
  • Academy volunteers who meet both the below conditions:
    • “active” members of an Academy committee, board, subcommittee, task force, or work group; and
    • qualified for either a partial or full dues waiver during 2026.

ABOUT THIS WEBINAR

The Academy’s Life GAAP Reporting Committee and the RMFRC Financial Reporting Committee recently responded to FASB’s agenda consultation invitation to comment. The committees highlighted several areas where we believe U.S. GAAP accounting for long-duration insurance contracts needs improvement, even after the implementation of LDTI.

During this webinar, the speakers will:

• Identify the areas where the LGRC and FRC felt US GAAP accounting could use continued discussion, and why
• Discuss the committees’ proposed solutions to those issues
• Discuss the comments FASB received on these issues from other parties, such as ACLI and AICPA

MODERATOR

Leonard Reback, MAAA, FSA
Chairperson, Life GAAP Reporting Committee

SPEAKER

Michael Lockerman, MAAA, FSA
Vice-Chairperson, Life GAAP Reporting Committee

Michael Watanable, MAAA, FSA
Member, Life GAAP Reporting Committee 

Janelle D. Kern, MAAA, FSA
Director and Life Actuary at PricewaterhouseCoopers LLP

CONTINUING EDUCATION

The American Academy of Actuaries believes in good faith that attendance at this live professionalism webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.5 organized and professionalism continuing education (CE) credits for attending this live webinar.

ADDITIONAL INFORMATION
Registration for this webinar is limited to the first 1,000 registrants. Visit our webinar FAQs to learn more about our webinar policies, including group registration. For more information about this webinar, contact education@actuary.org.