On the market valuation of insurance accounting : an assessment of historical cost and fair value measurements

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      <subfield code="a">The article examines how financial markets assess insurers' accounting information under two frameworks: IFRS historical cost and Solvency II fair value. Using European insurers from 2016-2020, the study finds that Solvency II data show a stronger link to stock prices, especially for low-risk firms. This advantage diminishes for high-risk insurers. Overall, fair value measurements provide incremental and more relevant information to investors compared to historical cost accounting</subfield>
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      <subfield code="g">17/11/2025 Volumen 92 Número 4 - noviembre 2025 , p. 1059 - 1095</subfield>
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