Individual accountability, climate, consumer protection and digitalisation featured prominently on the regulatory radar during Q1 2023. The Mazars insurance newsletter will update you on all the news and changes in the Insurance industry.
With another busy financial reporting period coming to a close, spring is traditionally a time that insurers take stock and develop strategic and operational priorities for the year ahead. We increasingly see undertakings recognising the benefit of integrating their regulatory risk and compliance agenda with the wider business planning process. And with the regulatory landscape becoming more sophisticated, adopting this holistic approach is making increased business sense.
The Mazars insurance regulation newsletter helps provides a snapshot of the latest regulatory developments affecting the industry right now, including:
Less than six months after launching the standard-setting project, the IASB seems well on the way to finalising the amendments to IAS 12 that will introduce a temporary exception to the recognition of deferred taxes resulting from the implementation of the OECD Pillar Two rules. The IASB acknowledged the timely and helpful feedback from stakeholders on its proposed amendments and, at the end of...
With the first requirements of the Corporate Sustainability Reporting Directive (CSRD) coming into effect from 1 January 2024, some questions have arisen in the short term regarding the content of the European Sustainability Reporting Standards (ESRS) that companies must apply in this context. The European Commission (EC) has recently stated that it plans to reduce the reporting burden on...
The EU’s Sustainable Finance Disclosure Regulation (SFDR) will significantly increase transparency around sustainability and investments writes Michael Tuohy but adds the new rules can’t be taken as a ‘tick-the-box’ compliance exercise by asset managers but rather form part of a strategic direction.
Digitalisation has changed the world of customer service and customer engagement rapidly. Companies are facing several touchpoints and an increasing number of incoming messages and requests. Meanwhile, customers are expecting a 24/7 self-service.