The challenge

A mid-sized publicly traded US company must promptly implement the US GAAP LDTI standards. Moreover, as a by-product, the company hoped to achieve overall modernization of its actuarial function to meet increased demands.

Results with Integrate

Within just a year, client was operational with LDTI, performing quarterly mock runs, and making informed strategic decisions well in advance of the Jan 1, 2023, LDTI effective date. Indeed, the company was one of the first to the market with preliminary LDTI numbers, a huge achievement and a significant milestone.

Client is now working to use the Integrate solution more widely for other applications and business areas, and recently implemented the Scenario Based Approach (“SBA”) for its Bermudian operations, which was highlighted in its SBA application to the Bermuda Monetary Authority (“BMA”).