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US reiterates its opposition to ICS
16 June 2022IAIS meeting in Croatia starts today with international rule causing continued discord
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IFRS IC likely to stand its ground on IFRS 17 annuity decision
08 June 2022Staff at the IFRS Interpretations Committee have backed the original decision on annuity accounting, going against the view of most stakeholders. Cintia Cheong reports
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UK officially approves IFRS 17
17 May 2022UKEB raises broader concerns with annuity profits recognition and calls for a more in-depth review
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Insurers happy with UK's Solvency II plans, but capital savings remain uncertain
28 April 2022The government has grabbed positive headlines with its proposals to reform Solvency II, but the industry is cautious about the how they will pan out. Cintia Cheong reports
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UK insurers say FCA's final diversity rules can accelerate change
20 April 2022The rules apply to listed company boards and executive management teams
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Insurers back drive for global sustainability disclosure standards
06 April 2022The International Sustainability Standards Board has launched a consultation on the issue
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"Pedantic interpretations" erode principles-based benefits of IFRS 17
05 April 2022Experts have also criticised a recent decision by the IFRS Interpretations Committee
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Annuity profits and RITC top concerns in UK's IFRS 17 endorsement
09 March 2022Despite overall support for adoption of IFRS 17, the UK Endorsement Board has received pushback from some stakeholders over a handful of issues. Cintia Cheong reports on the concerns
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Ukrainian insurers plead for help in disabling Russian business
02 March 2022Only two Russian insurers sanctioned by UK and EU
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UK reveals Solvency II reforms will cut life insurer capital by 10-15%
22 February 2022Risk margin slashed by 60-70%, but partially offset by matching adjustment change