FASB votes to curtail convergence with IASB

Accounting board limits the scope of its project on insurance contracts


Aegon's credit rating survives €2.5bn accounting shift

Accounting policy changes consistent with Solvency II


FASB/IASB inconsistencies pose risks to insurers

Moody's warns of high implementation costs and poor understanding of new accounting standards


Adopting the new insurance IFRS

There is enough clarity about the final form of the new accounting standard for insurance contracts for firms to begin their transition. Francesco Nagari outlines the tasks required - and warns of the heavy workload ahead


Costs to implement accounting standards soar

Predicted budget to meet IFRS standards is now $25m-50m


MetLife, Manulife say accounting proposals bring "unwarranted volatility"

US life firms respond to the IASB's third exposure draft


Regulation: a billion-dollar problem that needs a strategic solution

The wave of post-crisis regulation has already cost insurers billions and the industry should act to avoid worsening the impact on the bottom line. Better coordination, scenario planning and implementation frameworks are needed, say Francesco Nagari and Seb Cohen


New UK accounting standard proposed for insurers

Means rationalisation rather than new requirements, says FRC


Protests against FTT build up steam

Europe's Financial Transaction Tax has now been adopted by 11 states. Many insurers argue that the tax will make running their businesses more difficult and costly -- to the detriment of their customers. With less than six months left until the official implementation date, Sarfraz Thind looks at whether the industry has time to make its voice heard


Insurers face "biggest ever" financial reporting change

Third draft of international standard on insurer accounting released