'The IFRS Journey in Insurance'

  • 0808insure.jpg Image

26 Sep 2008

A new Deloitte Research publication The IFRS Journey in Insurance: A Look Beyond the Accounting Changes examines the implications of the use of IFRSs in the insurance industry across the globe.

The report notes that, in some markets, IFRSs will likely contribute to substantial changes in:
  • Insurance product design, price and offerings
  • Investment strategy
  • Risk management practices
  • Securitisation
  • Merger and acquisition (M&A) activity
These changes will give rise to pressure for both convergence and divergence across insurance lines, thereby adding complexity and dynamism to the market structure of the insurance industry.

By taking a proactive approach to understanding the impact of IFRS implementation on key business strategies, insurers can avoid the risk of being unprepared for the industry-wide shift while seizing on emerging opportunities for differentiation from competition.
Click to download The IFRS Journey in Insurance (PDF 438k).

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.