Lessons from change: the insurance industry | Insurance accounting alert This month, the IASB and FASB will hold two joint meetings to discuss accounting for insurance contracts. Read our February issue (pdf, 198.8kb) to learn more. US life insurance industry outlook The year 2010 will be difficult for life insurers as the US economy slowly recovers from the aftermath of financial events. Read more in our 2010 Life industry outlook (pdf, 91.5kb) . Solvency II: Reading the tea leaves under a glass ceiling – Disclosing financial strength In this paper, we examine disclosure, market discipline and the potential implications (pdf, 1.1mb) for processes, governance and information requirements. Furthermore, we compare Pillar 3 requirements and financial reporting under International Financial Reporting Standards (IFRS). Solvency II: Unlocking the mystery of the risk framework around ORSA In this article, we continue our discussion around risk management, testing the impact of ORSA (pdf, 433.2kb) , the guidance to date, where companies currently stand and the key issues and challenges they face. Is government intervention good for banking? Innovation is the lifeblood of financial services. Yet some question whether the government’s growing involvement hinders the industry’s creativity. The new issue of CrossCurrents looks at government participation in the recent economic crisis . And we report on how companies in asset management, banking and insurance navigate the changing market landscape. |
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Contacts If you have a specific service need or inquiry, please contact one of our Insurance professionals. Related topics Far East insurance outlook  Ernst & Young’s Global Insurance Center recently released its Far East insurance outlook for 2010, detailing six key issues and challenges for insurers. Jeff Malatskey, Far East insurance leader, sat down with CNBC to discuss the highlights and what's ahead for the region.
Watch the video.
SEC reaffirms commitment to IFRS
The US Securities and Exchange Commission (SEC) voted unanimously to publish a statement reaffirming its longstanding commitment to the goal of a single set of high-quality global accounting standards and expressing its continued support for the convergence of US GAAP and IFRS.
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