Impact of a fair value financial reporting system on insurance companies : a survey

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<title>Impact of a fair value financial reporting system on insurance companies</title>
<subTitle>: a survey</subTitle>
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<namePart>International Association for the Study of Insurance Economics</namePart>
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<issuance>monographic</issuance>
<place>
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<publisher>International Asociation for the Study of Insurance Economics</publisher>
<dateIssued>2004</dateIssued>
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<extent>179 p. 30 cm</extent>
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<abstract>Neutrality of financial statements and consistency with internal accounting systems -- Aims of the research report -- Information sources -- Survey respondents -- Impact on corporate strategies and business models -- Impact on existing and future product offerings -- Impact on investment policies and asset allocation decisions -- Use of fair value for internal financial management and its potential impact -- Consistency with internal asset-liability risk management systems -- Estimated costs of converting to a fair value reporting system -- Impact on ability to provide earnings' forecasts -- Perceived impact on the cost of capital -- Views on subjectivity of the measurement of insurance liabilities (insurance contracts) -- Views on transparency of fair value measurement of insurance liabilitiese -- Perceived impact on the risk transfer role of the insurance industry in the economic system</abstract>
<note type="statement of responsibility">[by Gerry Dickinson and Patrick M. Liedtke]</note>
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<topic>Empresas de seguros</topic>
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<topic>Sistemas financieros</topic>
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<topic>Contrato de seguro</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080551490">
<topic>Liability</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080554361">
<topic>Fair value</topic>
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<topic>Mercado de seguros</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080604394">
<topic>Valoración de riesgos</topic>
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<topic>Riesgo financiero</topic>
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