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Global Acctg Rules Effort Heats Up

As the International Accounting Standards Board (IASB) releases its Discussion Paper on Phase II of the Insurance Accounting Project, European insurers face the challenge of implementing new regulatio

By Steven Tuckey | Updated on May 18, 2007

U.S. insurers need to pay attention overseas as efforts to standardize accounting methods heat up, an industry expert is warning.

As the International Accounting Standards Board (IASB) releases its Discussion Paper on Phase II of the Insurance Accounting Project, European insurers face the challenge of implementing new regulations on systems, data, pricing and capital management, said Rick Lynch of Ernst & Young’s Global Insurance Centre.

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