In August 2018, Ping An Insurance stated it would lower its share of stocks in its portfolio as it aimed to adhere to IFRS 9. Its interim report released August 24 shows that the insurer has delivered on that promise.
Tag : ifrs 9
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.
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.
