A European body of comprehensive and uniform regulations on solvency capital and investors’ reporting applicable to the largest insurance market in the world: this is the historical target that the ...

THE current Philippine insurance accounting standard is the Philippine Financial Reporting Standard (PFRS) 4, which was adopted from IFRS 4 (Insurance Contracts) issued by the International Accounting ...

For years, insurance accounting in Africa relied on a patchwork of practices that hindered comparability and often obscured ...

The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are ...

FIS has won the award for best IFRS 17 solution of the year for the second year in a row. It impressed judges with the supercharging of its FIS Insurance Risk Suite, ahead of the rollout of new ...

While a new key performance indicator (KPI) under IFRS 17 was intended to replicate the well-known combined ratio, this equivalence might not hold true in practice when all components and complexities ...

The arrival of IFRS17 was with much anticipation, but a big bang was avoided by a protracted adoption timeframe as complexities associated with data requirements and the actuarial flair of the ...