Insurance: meeting new expectationsYour industry faces increasingly complex regulatory issues — issues that challenge the way you manage your risk, operations and financial reporting.Today's environment calls for transparency, customer innovation and mastering the demands of regulatory change. Are you keeping up? Tap into our industry-focused knowledge and discover how to set yourself apart on such issues as IFRS, Solvency II, Dodd-Frank and FATCA. Our global reach
Our worldwide team of insurance-focused assurance, tax, transaction and advisory professionals have the deep sector knowledge and technical experience to interpret the market and help you compete. Compete powerfullyFrom preserving capital to managing risks to increasing customer satisfaction, we deliver on our promises so that you can stay a step ahead. | May 2012: Boards discuss reinsurance accounting On 18 April 2012, the Boards re-deliberated on topics including issues relating to reinsurance accounting, amendments and modifications and commutations of insurance contracts. Learn more. Eurozone Forecast: outlook for financial services While preliminary agreements are in place to further insulate Europe’s banks against the risk of disorderly default, there is a sense that these actions are only buying time. Against this uncertain backdrop, our Eurozone Forecast for financial services (pdf, 2mb) examines economic forecasts for the region’s banking, asset management and insurance sectors. Solvency II and IFRS: are your data and systems up to speed? Streamlined IT systems and effective data management are core components of Solvency II implementation. But with IFRS 4 Phase II as another regulatory initiative, data and system solutions will also need to factor in proposed international financial reporting standards. We offer guidance. Impact on insurers of the Dodd-Frank legislation With the act’s wide-reaching ramifications, it is critical that insurers remain engaged as the reform process moves forward and prepare for what may lie ahead IFRS insurance insights As the IASB and the FASB work towards developing a single globally accepted accounting standard for insurers, consistent understanding, interpretation and application becomes even more important. Tap into the breadth of our knowledge and learn about the specific rules affecting the insurance industry. IFRS and Solvency II: similarities and differences Similarities between IFRS 4 Phase II and Solvency II are creating potential implementation synergies. However, Phase II introduces requirements which go beyond the scope of Solvency II, meaning insurers should take a more strategic view and build in flexibility to reduce investment in the future. Are you ready for Solvency II? Solvency II’s implementation deadline is January 2013. By that time, insurers will have to make significant changes to their finance systems, restate their balance sheets and prepare for greater public disclosure of financial statements, modeling and capital calculations. Will you be ready? IASB and FASB updates: Insurance Accounting Alert In our monthly Insurance Accounting Alerts, we help executives stay up-to-date on the activities of the IASB and the FASB as they work to develop a new insurance accounting standard. Find out how the ongoing changes will affect you over the short and long-term. |
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