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Welcome to the 16th in a series of papers dedicated to discussing International Financial Reporting Standards (IFRS) and their impact on insurers and the users of their accounts. While many companies may believe that it is their counterparts on the life side that are most affected, IFRS has ushered in far-reaching new disclosure requirements that will intensify the spotlight on the quality of underwriting, earnings and risk management within the general insurance market. This is both a challenge and indeed an opportunity for companies to demonstrate their strengths and long-term attractions for investors. | |
