TITLE

A World of Change

AUTHOR(S)
Kostelni, Hugo
PUB. DATE
April 2011
SOURCE
Best's Review;Apr2011, Vol. 111 Issue 12, p86
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the effect of the new insurance accounting rules of Europe on the U.S. reinsurers. It mentions that new accounting standards are released by the International Accounting Standards Board, which involves less use of working layer reinsurance and more emphasis on high layer excess reinsurance. It highlights the changes of reinsurance contracts under International Financial Reporting Standard (IFRS) and Financial Accounting Standards Board (FASB).
ACCESSION #
60618468

 

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