Modernizing insurance finance

October 2013
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Modernizing insurance finance

At a glance

Implementation efforts and costs related to the proposed IASB-FASB insurance contracts standard could vary significantly depending on product types, systems infrastructure, and resource capabilities. Whether companies apply GAAP, IFRS, or both, there will be at least some change.

Implementation efforts and costs related to the proposed IASB-FASB insurance contracts standard could vary significantly depending on product types, systems infrastructure, and resource capabilities. Whether companies apply GAAP, IFRS, or both, there will be at least some change. In order to respond to the proposals, we recommend that insurers assess the impact to their products, systems, and investor reporting.