Description: Insurance company financial reporting and performance measurement are going through a significant transformation. Insurers are beginning to look at their business based on what many refer to as the “economic value framework.” Under this framework insurance companies determine the economic value of the capital invested in their business and the economic value of earnings to derive a risk-adjusted return on capital. Standard setters, primarily European insurance regulators through Solvency II and the International Accounting Standards Board through IFRS Phase II, propose adopting many of these concepts for solvency and performance reporting.

Description: Discusses new thinking in regards to risk margins, in the context of fair value and principle-based reporting.

Description: Feature article describing the latest opinions on fair value accounting.

Description: In light of the recent financial crisis, this article discusses whether Fair Value Accounting is a trouble maker or life saver.