Accounting/tax IFRS

Analysis

Recognise importance of tax in pillar 1

Quantification of tax under pillar I of Solvency II poses challenges such as tax methodology, data quality and the need for a fully integrated tax process. Tax teams therefore need to be fully involved in the development of the Solvency II operating model, as Martin Bradley from Ernst & Young explains

Virtual round table: dual-running an ICAS and Solvency II model

Virtual round table: dual-running an ICAS and Solvency II model

Avoiding the costs of dual-running an ICAS and Solvency II model during 2013 and other issues arising from the delay in implementation of the directive to 2014 are clouding insurers' planning. Three experts give their views on the areas where firms should be focusing

What is the future for supplementary reporting?

What is the future for supplementary reporting?

With the onset of Solvency II and IASB/FASB Phase II, supplementary reporting needs to adapt. Kamran Foroughi explains the background to this in the context of life insurers' reporting under EEV/MCEV principles in 2010.

IFRS can serve as a convergence point

IFRS can serve as a convergence point

It will help export an economic view in accounting into regulation that has so far been mostly concentrated on European insurers, argues Lukas Ziewer

IFRS and Solvency II wobble towards divergence

IFRS and Solvency II wobble towards divergence

The IASB is no longer on the same track as Solvency II, write Ann Duchêne and Marc Beckers, head of Aon Benfield Analytics in EMEA, and it hasn’t yet resolved all its differences with the FASB. How will insurers cope with the variance in approaches?

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