Centro de Documentacion de Fundación MAPFRE - South Korea insurers prepare to face new accounting and solvency rules

Publicación: Oldwick : A.M. Best Company, Inc., 2019Serie: (Best's special report)Notas: Sumario: South 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.Materia / lugar / evento: Mercado de seguros Solvencia IFRS 17 Corea del Sur Otros autores: A.M. Best Company
Serie secundaria: Best's special report Otras clasificaciones: 219