How Chinese insurers are tackling IFRS 9
Insurers are finding that one of the biggest impacts of implementing IFRS 9 alongside C-Ross phase II is that the two sets of rules create opposing incentives for long-term equities.
Two key reforms facing China's insurance industry – a new round of the China Risk Oriented Solvency System (C-Ross) and new accounting standards (notably IFRS 9) – have big implications for insurers' investment strategies. The challenge is not made any easier by the fact that they look set to create opposing incentives regarding equity portfolios.
Across much of the world, financial institutions have had to follow IFRS 9 since the start of this year. Insurers have been an exceptio…
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