Archive

Has IFRS 17 improved comparability and consistency? The jury is still out

After more than two decades' work on IFRS 17, the industry is still unsure if the accounting standard has made things better. Joshua Geer reports

Late adjustments remain a pain point for IFRS 17 reporting

Most surveyed insurers say they are "not fully satisfied" with current reporting systems

Auditors and insurers bond over IFRS 17 frustrations

Auditors and insurers were never going to face an easy ride implementing IFRS 17. Both parties have detailed the challenges they faced over the last year and why they're not over yet. Paul Walsh reports

Bermuda's insurers throw support behind "sensible" tax change

New 15% income tax will put country on level footing with rest of the world

Bermuda's tax bomb is a boon, says Karel Van Hulle

From new tax rules to an ever-expanding life market, Bermuda is in a transformational phase. Karel Van Hulle, the father of Solvency II and a BMA board member, tells Sarfraz Thind why these changes will do the market good

Fitch revises financial ratio definitions for IFRS 17 and LDTI

Rating agency clarifies treatment of shareholders' equity, premium revenues and combined ratios

Inigo chooses Phinsys platform to automate financial reporting

ISSB and EU pledge to minimise the sustainability reporting overload

European firms will have to comply with both EU and IFRS sustainability disclosure standards from their 2024 annual reports. But the two standard-setters have promised to be as harmonised as possible, as Joshua Geer reports

CSRD will change the landscape of ESG data, say UNEP FI panellists

The value of regulation is also championed by the experts

South Korea's insurers to assess strategies following K-ICS implementation

Less than half of firms using transitional measures to ease introduction of capital rules