Turning risk into reward

Download Turning risk into reward

Gearing up for a new world order in financial reporting, risk management, and capital management

Many analysts, investors, and other observers view financial reporting within the insurance industry as opaque and ineffective at providing information on the underlying financial condition of a given business. However, these long-held perceptions are certain to change as risk becomes a more important consideration in decision-making and disclosure. And, while this change presents sizable implementation challenges, it also potentially provides insurance businesses an opportunity to move to a better informed more economic footing.

In order to provide clients with up-to-date insight into these recent developments in financial reporting in the insurance industry, the PricewaterhouseCoopers LLP insurance practice has created the attached white paper, Turning risk into reward: Gearing up for a new world order in financial reporting, risk management, and capital management. The paper specifically addresses:

• Convergence toward an economic framework for evaluating solvency, reporting earnings, and measuring performance;
• The competitive impact of Solvency II; and,
• The complexities of IFRS Phase II