In this episode of the InsuranceAUM.com Podcast, host Stewart Foley dives into the intricacies of CECL (Current Expected Credit Loss) with Theresa Meawad, Senior Director and Head of Solutions Consulting at SS&C EVOLV. Theresa explains the key aspects of CECL, a crucial accounting standard that impacts insurers' financial reporting, and how it differs fundamentally from previous models.

Theresa discusses the types of data insurers need to track to comply with CECL, the challenges they face during adoption, and the importance of selecting the right CECL model and provider. She also sheds light on how SS&C EVOLV helps insurers navigate the complexities of CECL with end-to-end solutions that seamlessly integrate with other SS&C platforms like Singularity and Precision LM.

Listeners will gain valuable insights into the evolving landscape of insurance accounting and how to manage the transition to CECL effectively.