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AM BestTV: IFRS 17 Will Put Market Values for Insurance Liabilities in Accounts, Says AM Best Associate Director
OLDWICK, N.J.--(BUSINESS WIRE)--In this episode of AM BestTV, Anthony Silverman, associate director of analytics, AM Best, said International Financial Reporting Standards (IFRS) 17, which takes effect in 2022, requires insurers to perform calculations closer to the policy level. Click on http://www.ambest.com/v.asp?v=ifrs419 to view the entire program. In the episode, Silverman explains why there is a need for an updated global set of accounting standards. “IFRS 17 is intended to bring more market-related…