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Now for the good news:
Realising the competitive potential of reporting convergence
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| The move to a market-consistent approach to valuation under Solvency II, IFRS Phase II for insurance contracts and the Market Consistent Embedded Value Principles (MCEV)¹ presents significant challenges. The good news is that these requirements could provide an opportunity to develop a more informed, assured and transparent economic basis for strategic evaluation and capital allocation. The parallels between Solvency II and IFRS Phase II could open up cost-saving synergies in areas such as data, assumption setting, modelling and reconciliation. ¹Copyright © Stichting CFO Forum Foundation 2008 |
Timetable for IFRS Phase II and
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Related publications
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