US GAAP

RiskIntegrityTM for LDTI

Our RiskIntegrityTM for LDTI solution helps insurance companies address the new Financial Accounting Standards Board (FASB) Long Duration Targeted Improvements (LDTI) requirements. RiskIntegrity for LDTI is part of a comprehensive LDTI solution offered by Moody's Analytics that seamlessly integrates with the AXIS actuarial system and AXIS US GAAP Link products.

RiskIntegrity for LDTI can help you:

  • Perform detailed analysis at multiple levels from entity- or cohort-level disclosures, and analyze changes in future policy benefits, policyholder account balances, market risk benefits, and deferred acquisition costs
  • Capture granular input from AXIS actuarial system products and other actuarial modeling tools
  • Visualize and analyze opening and closing reserves to validate LDTI reserves and provide drill-down reporting by entity, portfolio, and cohort
  • Support a collaborative environment for actuaries and accountants to review current period financials and compare against prior submissions
  • Create mapping between your own chart of accounts and the solution's fast, intuitive accounting logic
  • Generate journal entries - first in a soft-posting environment - where you can validate the journal through automated reconciliation rules and visual analysis, to subsequently hard-post the journal in the insurance subledger
  • Visualize drivers of reserve change with granular drill-down (cohort/policy level) and reconciliation between actuarial calculations and account balances using our Actuarial and Accounting dashboards
  • Generate period closure transactions to recognize profit or loss over the period on the insurance subledger level and ensure period end reconciliation between the subledger and your general ledger
  • Recognize intercompany transactions, perform eliminations, and present an insurance subledgerlevel consolidated statement preview
  • Verify the consistency, quality, and accessibility of finance and actuarial data (both current and historic) using centralized data storage and data quality management
  • Take advantage of support for all long-duration contracts as specified by ASC 944, including: 1) universal life-type contracts; 2) annuitization, death, or other insurance benefits; 3) investmenttype contracts; 4) market risk benefits; 5) variable annuity and variable life insurance separate account structures; and 6) participating life insurance contracts

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