Ernst & Young interview: A combined solution – overcoming the twin challenges of Solvency II and IFRS
The timing of the implementation of Solvency II and the second phase of IFRS presents a major logistical challenge for insurers which are not prepared
A common reporting platform for insurance organizations appears closer to becoming a reality. The exposure draft issued by the IASB and discussion paper issued by the FASB help define areas of convergence and divergence between IFRS 4 Phase II and Solvency II. The challenges are complex, but insurers have significant opportunities to ensure a smooth implementation of both - with careful planning. Organizations that start now can reduce costs by managing these projects together.
In an interview
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