Achieving Success With PolySystems

PolySystems LDTI enhancements span multiple modules and programs creating a comprehensive solution for LDTI modeling and reporting requirements.

With the sixth release of PolySystems LDTI functionality in January 2020, insurers implementing LDTI within PolySystems have the necessary tools to plan and implement end-to-end actuarial modeling and financial reporting processes.

In early January 2020, PolySystems announced its sixth software release supporting FASB’s ASU 2018-12, commonly known as US GAAP (“GAAP”) Long Duration Targeted Improvements (“LDTI”). Future LDTI-related enhancements will be released quarterly and reflect emerging industry practices and methodology.

LDTI shines a brighter light on modeled cash flows, making this release from PolySystems timely as it coincides with the December 2019 adoption of the Actuarial Standards Board’s (“ASB”) Actuarial Standard of Practice 56 (“ASOP 56”) covering Modeling.