Long-duration Insurance contracts under US GAAP 2021 KPMG Handbook
In-depth guidance on, and interpretations of, ASU 2018-12. This latest edition includes new and updated interpretations and examples based on our experience with companies implementing ASU 2018-12. Applicability Insurance entities that issue long-duration contracts Not applicable to policyholders of long-duration contracts or non-insurance entities Relevant dates Effective immediately Key impacts ASU 2018-12 impacts the following…
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