The drafting of the new IFRS accounting standard for insurance contracts (previously called IFRS 4 Phase II) is moving towards completion. In its latest meeting, held earlier this month, the IASB expressed that it expects the standard to be issued in the first half of 2017. If so, the mandatory effective date of IFRS 17 […]
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We increasingly observed a desire by corporations to transform their current Financial Risk Management (FRM) practices to improve company-wide risk visibility, risk quantification, and overall risk management. In response to this trend, we published the Zanders’ Corporate Financial Risk Management special edition. This magazine is a combination of different award-winning client case studies (featuring, amongst others, […]
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We are happy to announce that Zanders has entered into a partnership with GloComNet. GloComNet deals with ‘complexity and uncertainty’. Complexity theory asserts that the world is not mechanical or stable, but rather that it is interconnected and constantly evolving. Unexpected events such as Brexit can cause current patterns – however stable they may seem […]
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On July 19, the International Association of Insurance Supervisors (IAIS) published the second Risk-Based Global Insurance Capital Standard (ICS) consultation document. The document is the successor of the first consultation document released in December 2014. The development of the ICS was initiated in response to a request of the Financial Stability Board (FSB) stating that […]
Read More Last month, the International Association of Insurance Supervisors (IAIS) held its annual global seminar. This year it was hosted by the Central Bank of Hungary. The seminar comprised two days of presentations and dialogues, visited by nearly 250 members and stakeholders. The attendants were updated on IAIS’s progress on the development of the global risk-based […]
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