Achieving LDTI Compliance using Data Virtualization

LDTI is the most significant change in decades to the existing accounting requirements under US Generally Accepted Accounting Principles (USGAAP) for long duration contracts that are non-cancellable or guaranteed renewable contracts such as life insurance, disability income, long-term care, and annuities.

The ultimate objectives of this accounting standard change are to:

  • Provide a standardized framework allowing for a better comparison of risk across insurers
  • Improve the financial reporting of long-duration insurance contracts through improved information regarding the amount, timing and uncertainty of cash flows
  • Aid investors with improved information and disclosures which help to better understand the financial performance and risk of an insurance company

Read more in https://www.datavirtualizationblog.com. Originally published on March 10, 2022.

--

--

--

We do #DataVirtualization We care about #AgileBI, #BigData #Analytics, #Dataservices, #DataManagement, Logical #DataWarehouse Web, #SaaS and #Cloud integration.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

10 Things You Need to Know About Data Virtualization

Geodata and Airbnb price predictions

Data Quest Tool at Hike

Exposed bodies, open houses.

Surveying BTS ARMY Purchasing Behavior (an infographic)

IoT Data Modeling in Neo4j Graph DB

Identifying most important amenities affecting the price of Airbnb

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
denodo

denodo

We do #DataVirtualization We care about #AgileBI, #BigData #Analytics, #Dataservices, #DataManagement, Logical #DataWarehouse Web, #SaaS and #Cloud integration.

More from Medium

Create Data products Solutions with Data fabric or Data mesh

Why are Data Warehouses evolving to Lake Houses? Part3 — Removing silos allowing collaborative work

Too many names for one customer or Master Data Management, part I

Whats the hottest new data thing in 2022 — Data Mesh or Metric Store