INSURERS (RE-)ACCOUNT FOR THEIR ASSETS
The new IFRS 9 accounting standard will likely lead life insurers to do away with small mutual fund investments in favour of segregated accounts. They may even start selling their internal fund businesses
BY JOE MARSH
FROM THE WEB
The incoming IFRS 9 and IFRS 17 accounting rules are causing some insurers in Asia and beyond to change some of their investing habits. The new rules govern the treatment of financial instruments on the asset and liability and asset sides of the...
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