IFRS 9 pushing insurers from funds into mandates
Some insurance firms are shifting money from pooled funds into separate accounts to dampen the higher profit-and-loss volatility expected to result from a new reporting standard.
Concerns over the impact of incoming IFRS 9 and IFRS 17 accounting rules are likely to lead some insurers in Asia and beyond to prioritise segregated accounts over mutual funds for their fixed income investments, say industry experts.
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