by Summary:
The Economist reports about new accounting standards for insurers. IFRS 17, to come into force in 2021 (in most countries but not in the US), requires insurers to use current discount rates to value cash flows. This corresponds with EU practice. America and parts of Asia allow the use of historical discount rates.
Topics:
Dirk Niepelt considers the following as important: Accounting standard, cash flow, Discount factor, Discounting, Insurer, Notes
This could be interesting, too:
The Economist reports about new accounting standards for insurers. IFRS 17, to come into force in 2021 (in most countries but not in the US), requires insurers to use current discount rates to value cash flows. This corresponds with EU practice. America and parts of Asia allow the use of historical discount rates.
Topics:
Dirk Niepelt considers the following as important: Accounting standard, cash flow, Discount factor, Discounting, Insurer, Notes
This could be interesting, too:
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The Economist reports about new accounting standards for insurers. IFRS 17, to come into force in 2021 (in most countries but not in the US), requires insurers to use current discount rates to value cash flows. This corresponds with EU practice. America and parts of Asia allow the use of historical discount rates.