Insurers warily eye IASB standard as it moves to completion

04/10/2013 | Reuters

The International Accounting Standards Board will finalize next year a standard that will require insurance companies to use current interest rates as they measure liabilities that would result from honoring policies on their books. The insurance industry says the proposal will lead to more volatility in their financial statements, a protest that IASB Chairman Hans Hoogervorst dismisses, saying that any volatility would probably be a reflection of real economic risk.

View Full Article in:

Reuters

Published in Brief: