Prepare for LDTI Reporting RequirementsLong Duration Targeted Improvements (LDTI) is a set of focused changes to help simplify and enhance aspects of accounts for long duration contracts issued by life and annuity companies.
The clock is ticking towards the LDTI compliance date and LDTI reporting requirements – will you be ready?
Given the scope of impact, planning must start now and begin with a comprehensive strategy.
Leveraging Workiva’s solutions in coordination with PwC’s LDTI technical expertise, PwC developed a solution that can be enabled within your Workiva environment that:
- Uploads source data from your actuarial validation and accounting systems to Workiva tables (and can be enabled via an API)
- Leverages customized queries to summarize data for financial reporting and management reporting
- Uses Workiva’s connected reporting functionality to link Workiva tables to a customized LDTI footnote template and management reporting template to simplify your reporting needs
We’ll work with you as permissible to help configure this in a way that fits your needs, saves time, and allows you to focus on what can bring the most value to your business.
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