South Korea insurers prepare to face new accounting and solvency rules
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Tag | 1 | 2 | Value |
---|---|---|---|
LDR | 00000cam a22000004b 4500 | ||
001 | MAP20190025492 | ||
003 | MAP | ||
005 | 20190902121835.0 | ||
008 | 150407s2019 usa|||| ||| ||eng d | ||
040 | $aMAP$bspa$dMAP | ||
084 | $a219 | ||
245 | 0 | 0 | $aSouth Korea insurers prepare to face new accounting and solvency rules |
260 | $aOldwick$bA.M. Best Company, Inc.$c2019 | ||
490 | 0 | $aBest's special report | |
520 | $aSouth Korean non-life unsurers are beter positioned than their counterparts to weather the impact of adopting the International Financial Reporting Standards 17 (IFRS 17) accounting standard and K-Insurance Capital Standard (K-ICS) solvency regime by 2022. The simultaneous implementation of the two frameworks is likely to take a heavy operational toll on the market, while insurers also face a pressing need to revamp business strategies -companies will need to restructure product mixes and investment portfolios, as well as raise capital under the new accounting and solvency regimes. | ||
650 | 4 | $0MAPA20080586294$aMercado de seguros | |
650 | 4 | $0MAPA20080552701$aSolvencia | |
650 | 4 | $0MAPA20170005810$aIFRS 17 | |
651 | 1 | $0MAPA20120018334$aCorea del Sur | |
710 | 2 | $0MAPA20080441371$aA.M. Best Company | |
830 | 0 | $0MAPA20090030251$aBest's special report |