Accounting board limits the scope of its project on insurance contracts
Accounting policy changes consistent with Solvency II
Moody's warns of high implementation costs and poor understanding of new accounting standards
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
Predicted budget to meet IFRS standards is now $25m-50m
US life firms respond to the IASB's third exposure draft
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
Means rationalisation rather than new requirements, says FRC
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
Third draft of international standard on insurer accounting released