Four Regulatory & Accounting Updates: What Life/Annuity & Health Insurers Need to Know
A number of proposed and pending regulatory and accounting changes are on the docket for 2020, and life/annuity and health companies are most likely to feel an impact.

The changes are intended to help improve transparency, clarify operating rules and enhance customer protections. However, the new rules will likely add to business complexity and could impact volatility in investment performance and earnings.

Conning offers insights on four the major updates: accounting for current expected credit losses (CECL), financial reporting for long-duration contracts, new fiduciary rules, and principles-based reserving (PBR).
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