For large SEC filers, Long Duration Targeted Improvements (LDTI) is now less than one year away. But for may other US insurers, there is more time to get value from your investment in compliance. With the right technology platform for LDTI, the benefits more than outweigh the costs.
Check out our FinTech Minute video and hear from Martin Sarjeant, SVP, Product Management, Insurance at FIS, as he shares the six key benefits your technology platform should deliver.
MARTIN SARJEANT: For large SEC filers, LDTI is now less than one year away. But for many other U.S. insurers, there is more time to get value from your investment in compliance. With the right technology platform for LDTI, you’ll more than justify the costs. The key is to make sure your platform delivers six business benefits.
One, the platform can be embedded fully into your organization and used to manage the business and make strategic decisions.
Two, it can be delivered as a single platform for pricing, valuation and projections.
Three, it’s flexible enough to handle volatile market conditions and ad-hoc management requests.
Four, strong governance, user management and controls help you eliminate manual errors and meet auditors’ expectations.
Five, out-of-the-box, vendor-maintained actuarial code allows for customization and agile product development.
And Six, the platform is available anytime and anywhere via the public cloud, from a trusted technology partner.
At FIS, we believe you shouldn’t view LDTI as a burden. When you’ve chosen the right platform, compliance with LDTI can help you better manage your business and support long-term growth.