Welcome to our June 2019 insurance update. The purpose of this newsletter is to assist preparers of insurance and reinsurance financial statements and other reports to be aware of accounting, regulatory and other requirements which may have an impact on their reporting.
We will continue to provide you with, additional information on the matters being deliberated at the IASB. And we will also be watching how IFRS 17 will be reflected in Irish/UK GAAP and will inform you of future developments in this regard.
Mazars insurance group has the expertise to assist with the topics mentioned below and you can contact our insurance team if you require additional information or assistance.
This newsletter is not intended that it contain extensive detail on the content referred to, as it is assumed that most financial controllers and accounting managers are supported by legal and compliance personnel within their organisations who regularly provide updates on such matters.
Brexit Insurance update
Mazars actuarial consultants have in-depth knowledge and experience of the challenges and opportunities in the Irish insurance market. We provide companies of all sizes with practical solutions that comply with regulatory requirements and achieve real business benefits.
Insurance companies face increasing regulation, competition and risk. Our actuarial team offers practical advice and solutions to address these challenges.
Reinsurance benchmark 2019 (Part 1)
As the role of reinsurance is continuously expanding, Mazars has analysed the latest financial disclosures of the top 10 reinsurers worldwide providing a comparative view for a better understanding of their risk profile and strategy.