University of St.Gallen
research platform alexandria
search publications
browse publications
by person
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 
by year

Comparison of Stakeholder Perspectives on current Regulatory and Reporting Reforms

fulltext etc. no fulltext attached
abstract In the European insurance industry, regulatory and reporting frameworks are currently subject to far-reaching reforms. We focus on four of these frameworks, namely the Solvency II framework, insurance guaranty systems, the proposed IFRS 4 Phase II international accounting standards, and Market Consistent Embedded Value reporting. We present these frameworks, analyze them from the insurance company’s management, investors and policyholder perspectives, and compare them. Our analysis implies that the four frameworks need to be considered jointly, due to various interre- lations and interactions. We argue that a coordinated introduction will be necessary to ensure that the regulatory burden is reduced and synergies can be utilized in the event of all four frameworks being implemented as planned. Furthermore, we analyze the challenges of a holistic, comprehensive approach to insurance reporting and regulation and its implementation in order to achieve the goals set by the frameworks.
   
type journal paper
   
keywords Insurance Contract Accounting; IFRS 4; Solvency II; Market Consistent Embedded Value; Insurance Guaranty Schemes; Insurance Regulation; Insurance Reporting
   
language English
kind of paper journal article
date of appearance 9-2012
journal Risk Management and Insurance Review
publisher Wiley (Oxford UK)
ISSN 1098-1616
ISSN (online) 1540-6296
DOI 10.1111/j.1540-6296.2012.01218.x
volume of journal 15
number of issue 2
page(s) 225-254
review double-blind review
   
profile area SoM - Responsible Corporate Competitiveness (RoCC)
citation Wagner, J., & Zemp, A. (2012). Comparison of Stakeholder Perspectives on current Regulatory and Reporting Reforms. Risk Management and Insurance Review, 15(2), 225-254, DOI:10.1111/j.1540-6296.2012.01218.x.