Global
Click the 'X' in the top right corner to close this window.
Now for the good news:
Realising the competitive potential of reporting convergence
 |
 |
 |
 |
 |
| Common data and systems requirements underpin much of the necessary information that will be required under Solvency II and IFRS Phase II. Exploiting these synergies will allow insurers to avoid some of the costs, duplication and potential disruption of applying and managing the frameworks separately. The move towards an economic basis for external reporting provides companies with a powerful impetus to do the same for management reporting, especially as they will need to demonstrate to regulators and rating agencies that risk awareness is embedded within the fabric of their business. Convergence of management reporting around a central economic basis could also enhance market confidence by enabling insurers to convey a single view of their business that reflects the way it is run internally. |
 |
Related publications
 |
 |
