Case Study: Placing a Senior Actuarial Consultant for Market Risk Benefits (MRB) and LDTI Compliance

Client Need:

A life and annuity insurance group engaged our firm to identify a seasoned actuarial consultant to support their implementation of Long Duration Targeted Improvements (LDTI) under US GAAP. Specifically, they required someone with hands-on experience in Market Risk Benefits (MRB) which was a highly technical and evolving area within the new accounting framework.

Our Approach:

Given the technical depth and strategic importance of this engagement, we prioritized consultants with both LDTI implementation experience and a history of influencing industry thinking on MRBs. Within days, we identified a senior actuary who had recently transitioned into consulting after a long and distinguished career with a major global advisory firm.

This individual brought:

• Decades of experience in actuarial financial reporting, including US GAAP, statutory, and international frameworks.
• Direct involvement in MRB and LDTI-related projects, including interpretation of guidance, disclosure strategy, and valuation considerations.
• Strong communication skills with a proven ability to advise both actuarial teams and senior leadership.

Outcome:

The consultant was quickly onboarded and made an immediate impact, helping the client refine their MRB reporting framework, navigate key decision points in the LDTI transition, and engage confidently with auditors and internal stakeholders. The client praised the consultant’s depth of knowledge and practical approach to complex regulatory issues.