Principle-based accounting for insurance contracts. Financial Data Provide option to aggregate contract level data or leverage pre-grouped data for insurance groups, its wide ranging implications… Read More »IFRS 9: When is an issued contract grouped?
Solvency II: Who will tell Insurance that the best way to show differences is by starting with similarities?
You set further risk tolerances covering your specific exposures to credit, market, insurance and operational risks including, where appropriate, limits on concentrations and significant aggregation… Read More »Solvency II: Who will tell Insurance that the best way to show differences is by starting with similarities?
Record keeping helps your organization understands the entire relationship with the customer, financial due diligence is the process of reviewing the financial information available for… Read More »Due Diligence Process Flow: When where insurance policies last reviewed?
Where a business has adequate liquidity, there is also the possibility of improved profitability through reduced interest expense or increased interest income, also greater financial… Read More »Business Relationship Management: How adequate is the business interruption insurance generally?
You are essentially paying up now to have insurance in the future (although it is less insurance in the future because part of that will… Read More »Whole Life Insurance: How does whole life insurance differ from universal life insurance?