Think Tank: The Geneva Association - Getting the accounting and prudential standards right
Source: Asia Insurance Review | Apr 2009
In the current financial crisis, the issue of asset and liability valuation has been of particular concern for the insurance industry, on both the asset and liability sides of the balance sheet. The fluctuations in the markets have demonstrated that no accounting solution to date has been able to offer a satisfactory solution in terms of properly assessing the valuation of an insurer. In this article which first appeared in the Geneva Association Newsletter on Insurance and Finance, February 2009, Mr Philippe Trainar, Chief Economist, SCOR and
Mr Beat Werder, Chief Communications Officer, SCOR, explain why policymakers need to implement the right accounting and prudential standards for the industry to thrive which, in turn, will benefit countries economically.
Archived articles are available to Magazine subscribers only.
For Full Access to
the magazine
SUBSCRIBE here.