The XBRL–a financial reporting standard that is growing in popularity–can help insurance companies better cope with heightened disclosure demands, the chairman of the XBRL consortium said at this week's ACORD-LOMA conference.
XBRL–an acronym for eXtensible Business Reporting Language–is a financial and business reporting XML standard currently in practical use in several countries.
In the United States, the Securities and Exchange Commission has started a voluntary program for the filing of financial reports using XBRL to evaluate the technology and its benefits for analysis of data.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
