The new accounting standard set to come in from 2021 will require significant changes at Malaysian insurers, as well as more actuarial staff.
Tag : ifrs
Some insurers' chief investment officers in the region, such as that of Krungthai Axa Life, are concerned about the potential effect of new accounting standards.
Shinhan Bank is overweighting Asian bank bonds, but is otherwise constrained when it comes to managing its international fixed-income assets.
Regulators are keen to align Taiwan's reporting standards with IFRS practices, but the move may set off mark-to-market debates once again.