The impacts of each are pervasive throughout actuarial, finance, risk, marketing and distribution, IT and other functional areas. PwC believes that when these areas work together, they can create an insurance operating model that is nimble, agile and future-proof. Your company will be able to manage and adapt to change as part of standard business practices.
With PwC, insurers can prepare for future operational, business, regulatory and market demands by focusing on how to improve finance, operational, actuarial and risk functions. We have:
Fundamental changes are impacting the insurance industry. Taking experience from our work on over 100 LDTI projects with over 30 clients, PwC’s community of solvers developed the LDTI Simplifier for non-public companies who need to comply with the standards in 2025.
USGAAP Long Duration Targeted Improvements (LDTI) is a major catalyst for long-deferred change in the insurance industry. See why.
LDTI is an increasingly pressing issue for mid-market insurers. The segment has several unique mobilization, implementation, and transition challenges. PwC has been actively involved in helping insurers prepare for the new standard and has several solutions to help companies of all sizes.
This tool helps users understand and analyze LDTI data elements. Users can drill into all inputs for a given data element and explore relevant information about it, including output system of record, input source, and LDTI definition of each element.
There's a growing gap between the protection society needs and what insurers can provide. More effective tech and customer-centric distribution can narrow it.
This briefing provides a high-level description of the areas of focus and the roles and responsibilities in the design, implementation and assessment of controls for LDTI adoption in order to reduce risk of misstatement in financial statements or a material weakness within the controls opinion disclosed to the public.
In this article, we will discuss the current pain points with the experience study and assumption management processes insurers have today, and further analyze how LDTI amplifies these issues.
PwC can help organizations simplify LDTI and rapidly accelerate LDTI implementation without the high costs of developing, running and maintaining a bespoke solution.
Principal and Global Risk Modeling Services Leader, PwC US
Insurance Assurance Leader, PwC US
I lead PwC’s Insurance Trust Solutions Practice. I have over 25 years of experience and oversee our dedicated professionals in the delivery of assurance and tax services in the life, annuity, property and casualty, and health sectors.
