IFRS and Solvency II: Global Exposure and Interaction - The world of the IAIS

Michel Flamee, The Geneva Association (Editor)

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

This paper sets out key principles on financial reporting by insurance companies. As a starting point, International Association of Insurance Supervisors supports the objective of having a substantial consistency between amounts disclosed to the public in financial reports and amounts reported to regulators for prudential purposes. In this context, the paper goes on to analyse a number of fundamental elements for the valuation of technical provision and explains the main differences identified so far between the accounting and regulatory approaches. The paper highlights several critical issues for further consideration, such as the need and the ways to ensure a consistent application of accounting standards.
Original languageEnglish
Pages (from-to)54-59
Number of pages5
JournalThe Geneva Papers on Risk and Insurance
Volume33
Publication statusPublished - Jan 2008

Bibliographical note

The Geneva Association

Keywords

  • IFRS
  • Solvncy II

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