The timeline dictated by the Financial Accounting Standards Board (FASB) Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI) has a go-live date of January 2021, a fast-approaching deadline. With this in mind, insurers need to address these six hard realities to make sure they are ready to meet the new requirements.Read More >
Corporate culture in the age of disruption
Developing and nurturing a positive and productive corporate environment is a complex mission. True transformation must include a decisive plan for strengthening corporate culture, a plan that focuses on action and empowers everyone with the technology necessary to be an effective member of the team.
By Brian Fomby, Chief of Staff, Life Technology Solutions, Milliman.
How are life insurers approaching innovation?
Innovation is an essential ingredient in transformation and life insurers must embrace change if they are to continue to innovate. This infographic based on the Milliman Life Technology Solutions’ survey of 100 executive-level respondents at life insurance firms across the US, the UK and the rest of Europe provides some perspective.
How are life insurers tackling business transformation?
As customer demands and expectations heighten, life insurers recognize the need to tackle transformation within their business. Life insurers plan to more than triple their technology investment over the next five years, according to Milliman Life Technology Solutions’ survey of 100 executive-level respondents at life insurance firms across the US, the UK, and the rest of Europe.