Reaching Beyond Borders

Voelker, Michael P.
May 2010
TechDecisions;May2010, Vol. 12 Issue 4, p34
The article discusses the application of global standards in the insurance industry. Steven Coles, chief information and business improvement officer at Allianz Australia Insurance Ltd. and chair of ACORD Australian Advisory Committee, says standards are valuable to improve the smooth operations of the marketplace. Solvency II and convergence of International Financial Reporting Standards (IFRS) and generally accepted accounting principles (GAAP) are cited as developments in financial regulations that have affected global standards.


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