Implications Of Ifrs For The European Insurance Industry Insights From Capital Market Theory PDF Download
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Author | : Thomas Post |
Publisher | : |
Total Pages | : |
Release | : 2018 |
Genre | : |
ISBN | : |
Download Implications of IFRS for the European Insurance Industry - Insights from Capital Market Theory Book in PDF, ePub and Kindle
The European insurance industry is currently undergoing a substantial change in financial reporting requirements. Beginning in 2005, compliance with the International Financial Reporting Standards (IFRS) has been required in the European Union. Substantial sections of the IFRS - leading to a market-oriented valuation of insurance contracts - are still under construction and will be introduced in the next few years. To date, assessment of the potential impact of the new IFRS accounting and reporting system is largely found in trade literature, and in insurance industry business leader and expert commentator statements. The tenor of opinion is that the IFRS will create a serious challenge for the European insurance industry. To evaluate the impact of IFRS more scientifically, this paper applies where indicated capital market theory and the concept of information efficiency. The paper suggests that concerns about the effects of IFRS are exaggerated, and reveals that the main area of IFRS impact on the European insurance industry is likely to be on insurance product design.
Author | : Thomas Post |
Publisher | : |
Total Pages | : 0 |
Release | : 2009 |
Genre | : |
ISBN | : |
Download Implications of IFRS for the European Insurance Industry - Insights from Capital Market Theory Book in PDF, ePub and Kindle
The European insurance industry is currently undergoing a substantial change in financial reporting requirements. Beginning in 2005, compliance with the International Financial Reporting Standards (IFRS) has been required in the European Union. Substantial sections of the IFRS - leading to a market-oriented valuation of insurance contracts - are still under construction and will be introduced in the next few years. To date, assessment of the potential impact of the new IFRS accounting and reporting system is largely found in trade literature, and in insurance industry business leader and expert commentator statements. The tenor of opinion is that the IFRS will create a serious challenge for the European insurance industry. To evaluate the impact of IFRS more scientifically, this paper applies ő where indicated ő capital market theory and the concept of information efficiency. The paper suggests that concerns about the effects of IFRS are exaggerated, and reveals that the main area of IFRS impact on the European insurance industry is likely to be on insurance product design.
Author | : Mohammad Nurunnabi |
Publisher | : Emerald Group Publishing |
Total Pages | : 276 |
Release | : 2021-08-23 |
Genre | : Business & Economics |
ISBN | : 1801174423 |
Download International Financial Reporting Standards Implementation Book in PDF, ePub and Kindle
Contributions to International Accounting aims to address a vital gap in research by focusing on providing relevant and timely studies on International Financial Reporting Standards implementation for local and international policymakers.
Author | : Vera Palea |
Publisher | : |
Total Pages | : 48 |
Release | : 2009 |
Genre | : |
ISBN | : |
Download The Effects of the IAS/IFRS Adoption in the European Union on the Financial Industry Book in PDF, ePub and Kindle
The effect of disclosure level on the cost of equity is a matter of considerable interest and importance to the financial reporting community. In this research, the effects of the IAS/IFRS adoption in Europe on the cost of equity capital relative to the bank industry have been examined. Previous research has shown that the adoption of the IAS/IFRS reduces information asymmetry between investors and firms. Economic theory claims that a commitment to increased level of disclosure reduces the cost of capital component that arises from information asymmetries. This study shows empirically that the increase in the level of disclosure provided by the adoption of the IAS/IFRS in the European Union by Regulation 1606/2002 has led effectively to a lower cost of capital. From a practical point of view, these findings provide evidence that the Regulator's purpose of fostering a cost-efficient functioning of the capital market for firms could be considered as accomplished. Furthermore, they point out that firms which implemented the IAS/IFRS have gained a comparative advantage on the equity market over firms still adopting accounting standards based on the IV and VII European Directives.
Author | : Michelle Chong-Tai Bell |
Publisher | : |
Total Pages | : |
Release | : 2020 |
Genre | : |
ISBN | : 9789292594121 |
Download Accounting Standards and Insurer Solvency Assessment Book in PDF, ePub and Kindle
Author | : International Accounting Standards Board |
Publisher | : |
Total Pages | : 46 |
Release | : 2004 |
Genre | : Business insurance |
ISBN | : 9781904230496 |
Download IFRS 4 Insurance Contracts Book in PDF, ePub and Kindle
Author | : Jean-Pierre Casey |
Publisher | : CEPS |
Total Pages | : 142 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9290795964 |
Download Europe's Hidden Capital Markets Book in PDF, ePub and Kindle
Assessing regulatory measures taken at the EU level that impact European bond markets, this book examines the desirability, utility, and feasibility of certain policy measures.
Author | : Kenneth A. Froot |
Publisher | : University of Chicago Press |
Total Pages | : 490 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226266257 |
Download The Financing of Catastrophe Risk Book in PDF, ePub and Kindle
Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States. Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms under severe stress, jeopardizing both policy holders and investors and causing profound ripple effects throughout the U.S. economy. The Financing of Catastrophe Risk assembles an impressive roster of experts from academia and industry to explore the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.
Author | : Shyam Sunder |
Publisher | : South Western Educational Publishing |
Total Pages | : 232 |
Release | : 1997 |
Genre | : Business & Economics |
ISBN | : |
Download Theory of Accounting and Control Book in PDF, ePub and Kindle
Using Barnard and Simon's contract model of organizations, this text integrates financial, managerial, tax, auditing, not-for-profit and governmental aspects of accounting into a single framework within the economic theory of the firm.
Author | : Vanessa Le Leslé |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2012-03-01 |
Genre | : Business & Economics |
ISBN | : 1475502656 |
Download Revisiting Risk-Weighted Assets Book in PDF, ePub and Kindle
In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the Basel III capital adequacy framework. We discuss the key drivers behind the differences in these calculations, drawing upon a sample of systemically important banks from Europe, North America, and Asia Pacific. We then discuss a range of policy options that could be explored to fix the actual and perceived problems with RWAs, and improve the use of risk-sensitive capital ratios.