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Subscribe nowRating agency proposes rule of thumb for including CSM in equity calculations
Formalising DEI and ESG approaches are a key priority
CFO Cristiano Borean says accounting alignment with Solvency II is "material benefit"
Giulio Terzariol says the change from IFRS 4 is positive
But CSM and risk adjustment will create £13.5bn stock of future profits
But parameters will differ, says Harm van de Meerendonk
French insurer's approach to accounting standard aligns with Solvency II
George Quinn forecasts a smooth transition to the 2023 accountancy standard
During RVS 2022, Laurent Rousseau warned to expect more volatility in financial metrics
Changes to wording of tentative agenda decision due for approval next week
PPLI could be used for tax avoidance by wealthiest, says Wyden
Standards will significantly change financial reporting for underwriters
Accounting standards board also considers clarifications on multi-currency contracts
Insurers had advocated for an alternative method to be used
An upcoming date for the IFRS Interpretations Committee to consider the issue has been agreed
Canadian insurer expects increase in liabilities due to CSM on transition
Some signs of agreement on how financial leverage will be presented under the new insurance contracts accounting standard are emerging, but options remain open, as Christopher Cundy reports
The insurance sector is beginning to look beyond the surface and understand what changes the IFRS 17 era will bring to business. Paul Walsh reports
The biggest US insurance accounting change in decades is causing some startling impacts on financial metrics, but the likely effects of LDTI are not troubling many. Sarfraz Thind reports
The IFRS 17 accounting standard is due to be implemented in five months' time, but many insurers are leaving it until the eleventh hour to reveal what impact the transition will have on their financial metrics. Christopher Cundy and Paul Walsh report
Staff at the IFRS Interpretations Committee have backed the original decision on annuity accounting, going against the view of most stakeholders. Cintia Cheong reports
US insurers have begun disclosing the impact of 2023's new accounting standard, proving beyond doubt it will be one of the biggest shifts in accounting rules in years. Sarfraz Thind reports