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.
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