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sigma 6/2012 - Accounting insurance reform: a glass half empty or half full?

Insurance accounting reform is progressing, but standard-setters have not yet reached a final agreement. A core problem with current accounting arrangements is that the way insurers measure the liabilities on their insurance contracts doesn't always reflect the true economic cost of those obligations. In this exclusive video interview, Darren Pain, co-author of the sigma "Accounting insurance reform: a glass half empty or half full?", tells us why the standard-setters are taking so long to agree on new standards, what developments can be expected, and how insurers can prepare themselves now for the upcoming reforms.