SS&C Technologies - Thu, 10/12/2023 - 17:43

CECL Challenges in the Insurance Industry

We are currently in the midst of the second wave of Current Expected Credit Losses (CECL) adoption. While it may not be top-of-mind for insurers, regulators and investors alike focus on investment risks and take notice of the information from CECL disclosures when they make investment decisions. Investor expectations are a significant reason why insurers should take CECL seriously, treating it as more than a regulatory check-mark. In this article, we explore some of the challenges to be aware of as well as solutions.

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SS&C Technologies

SS&C Insurance Solutions Presents, Singularity™, for market-leading, AI-powered insurance investment accounting, operations, analytics and reporting. With more than 35 years of industry experience, a deep bench of tenured experts and a modern, cloud-based mobile friendly platform SS&C thrives on complexity -- processing both public and private investments while delivering unparalleled levels of operational efficiency, full transparency, post trade compliance and regulatory reporting, accounting flexibility and actionable insight through your choice of operating models (SaaS, outsourced or co-sourced).

Dennis Moore
Senior Sales Executive
Dennis.Moore@sscinc.com
860-214-9580

www.ssctech.com/
80 Lamberton Road
Windsor, CT 06095

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