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Is PAA the IFRS 17 shortcut insurers have been looking for?

Complying with the IFRS 17 insurance contracts accounting standard is hard work, especially for firms writing long-term contracts. Pamela Hellig discusses the potential for the premium allocation approach to relieve the pressure

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IAIS Abu Dhabi: compromise on global capital standard keeps process on track

Paul Walsh summarises the reaction to today’s agreements that keep the Insurance Capital Standard on track, but not without objections from Canada and questions about US comparability

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IFRS 17: implementation update

Two years into IFRS 17 preparations, four directors at consultancy Muller Beukes Edvardsen share their thoughts on how far insurers are on the road to implementation

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German life insurers relish €4.5bn-plus saving on ZZR contributions

The revised methodology for calculating Germany's special interest rate reserves is saving billions for the country's life insurers. David Walker reports

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How to sell an IFRS 17 lemon

Andries Beukes and Pamela Hellig explains why a fair value loss component is improbable but not impossible under IFRS 17

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Kerala floods set to hit insurers for over $140m

The monsoon is the worst to hit the state since 1924

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Indian monsoon floods set to cost up to $3bn

Insured losses may also be substantial

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Chinese authorities take over Anbang for at least 12 months

Authorities will conduct group restructuring and vow to protect customers

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MBE launches tool to assess IFRS 17 impact

Shows how profits are likely to differ under new accounting standard