IFRS 9 to hasten insurers’ consolidation of mandates
The new reporting standard is set to accelerate insurance firms’ shift into fewer and bigger separate accounts, say some, and that could make life harder for captive fund businesses.
Insurance firms, including some in Asia, are moving to deploy fewer and larger investment mandates to improve their operational efficiency and reduce costs, and the advent of new reporting standard IFRS 9 will exacerbate this shift, say industry experts.
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