Global Non-Life Reinsurer’s Profits to Peak in 2024: Fitch Ratings September 3, 2024 By Susanne Sclafane Fitch Ratings published midyear underwriting results for 19 non-life reinsurers, finding that the group’s average first-half 2024 combined ratio was...
Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers August 30, 2024 By L.S. Howard Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re...
Britain Says Global Accounting Rules Are Crimping UK Economy February 22, 2023 By Huw Jones A central plank of global accounting rules has become a “performance penalty” which holds back investment in Britain, its financial...
Global Insurers Face Hefty Costs of $15B-$20B to Implement IFRS 17: WTW June 8, 2021 The total cost faced by the global insurance industry to implement IFRS 17 is estimated to be in the range...
Global Insurance Accounting Rules Under IFRS17 to Be Amended June 27, 2019 By Huw Jones An international standard setting body has proposed a one-year delay and changes to the first global accounting rule for insurance...
New Global Insurance Accounting Rule Could Be Delayed One Year November 14, 2018 A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in...
Global Insurers Face High Compliance Costs with New Accounting Rules May 18, 2017 By Huw Jones Insurers in over 100 countries face a “once in a lifetime” accounting change from January 2021 with the introduction of...