In this publication we examine the most important business
implications for executives to consider in response to the most
recent insurance accounting proposals.
Throughout the publication we:
Present a high level guide to the key accounting changes
including, the measurement model, volatility, financial instruments
accounting and asset-liability management.
Consider the potential changes to systems and processes, such
as changes to modeling and administration systems, as well as
systems used to collect and aggregate data for disclosure.
Outline the people and change impacts. Not only will there need
to be increased resources to manage the change, but also the talent
that insurers need after the transition may differ from those
Discuss the broader business impacts and why the changes may
affect the types of products that an insurer sells, the investments
that it holds, executive compensation arrangements, and how
insurers communicate to the market.
Address how an insurer brings everything together through a
coordinated approach to program management.
In this publication, we address how Dubai is leading the way in the application of technology to its healthcare insurance system and how the health insurance law is developing around these initiatives.
The health insurance landscape across the GCC continues to evolve with numerous regulatory changes in recent months impacting the health insurance market in Saudi Arabia and the United Arab Emirates...
One of the fundamental objectives of litigation with an international flavour is to obtain a favourable judgment that is not only valid and enforceable in the country in which it is given but also other countries.
The Insurance Laws Amendment Bill was published on 24 June 2013 and seeks to amend both the Long-Term Insurance Act and the Short-Term Insurance Act. The Bill relates largely to the powers of the Registrar, the licencing provisions in respect of insurers, governance and risk management requirements and to provide for the supervision of insurance groups; and clarity in respect of certain market conduct matters.
As conditions gradually improve in Iraq, queries are being received concerning opportunities in the insurance sector. This article provides a regulatory overview of the Iraqi market.
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