While insurers eagerly await the release of international financial reporting standards (IFRS) from the International Accounting Standards Board (IASB), which have been in the works for more than a decade and are finally nearing completion, they are stuck in a wait-and-see mode, according to a new report from Deloitte, wherein many concerns are festering.
A main concern surrounds the complexity of the insurance industry’s accounting and its inaccessibility for interested investors.
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