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KPMG's Insurance Group – Recent Publications – February 2013 

At KPMG, we are dedicated to providing our clients with insights on today's critical business issues. To help keep you up to date, we are pleased to share with you recent studies, white papers, articles and multimedia content published by KPMG.
IFRS Insurance Newsletter, Issue 33

IFRS Insurance Newsletter, Issue 33 [PDF 1.23Mb]

 

This edition highlights the results of the IASB and the FASB discussions in January 2013 on the joint insurance contracts project, as well as the current status of the project and expected timeline for completion. Highlights include: joint decision on the allocation of insurance contact revenue, IASB-only decisions on the transition proposals related to insurance contract revenue and a number of sweep issues, and FASB-only decisions on transition proposals related to insurance contract revenue.

Global insurance regulatory reforms come to Canada

Global insurance regulatory reforms come to Canada [PDF 1.59Mb]

 

In the aftermath of the 2008 global financial crisis, much has been written and said around the world to advocate for reform of regulation of the financial services business, to ensure there isn't another financial catastrophe that cripples the broader economy. Canadian insurers are finding themselves on the edge of a wave or regulatory change that will likely affect how they do business, from the board room to the mail room. This document provides and overview of various OSFI regulations and frameworks: such as the Corporate Governance Guideline, the Own Risk Solvency Assessment (ORSA), and the Life Regulatory Framework (LIRF).

Expectations of Risk Management Outpacing Capabilities - It's Time For Action

Expectations of Risk Management Outpacing Capabilities - It's Time For Action

 

This executive summary, based on a global survey, conducted in December 2012 by the EIU, sponsored by KPMG International, explores how effectively companies are integrating a holistic governance, risk and compliance (GRC) framework throughout their enterprise.

Solvency II: Long-Term Guarantee Assessment

Solvency II: Long-Term Guarantee Assessment

 

Discussions between the European Parliament, European Commission and the European regulator (EIOPA) recommended that an assessment be performed to resolve one of the key areas of debate within the Solvency II rules, the treatment of products with long-term guarantees. KPMG has summarized what the assessment involves and what the scenarios being tested are trying to achieve. We also consider what impact the results of the assessment could have on the final Solvency II specifications.

Leading Insights - Global Insurance Regulation

Leading Insights - Global Insurance Regulation

 

The unrelenting pace of regulatory reform across the financial services sector continues and important insurance initiatives such as the IAIS Insurance Core Principles (ICPs) and the European Union's Solvency II Directive remain a key focus for many insurers. KPMG's Global Insurance Centre of Excellence share their insights on the regulatory landscape and the impact on insurers and regulators alike.

Detailed Analysis of Final FATCA Regulations

Detailed Analysis of Final FATCA Regulations

 

Following the release of the final regulations for the Foreign Account Tax Compliance Act, this document contains a comprehensive analysis of the changes, by section, incorporating salient points from our initial release.

Rethinking Human Resources in a Changing World

Rethinking Human Resources in a Changing World

 

A new study from KPMG International shows that the "war for talent" is crucial to almost every business in today's competitive global markets. However, the Human Resources function is often viewed as being non-essential or ineffective.

Doing Deals Successfully in India - Lessons from the dealmakers

Doing Deals Successfully in India - Lessons from the dealmakers

 

Global companies' attraction to India is easy to understand. As one of the global economy's foremost emerging markets, investment appetite for Indian assets has remained strong over the past decade.

Tax

Understanding how changing Canadian tax laws could affect your company is important whether you operate just in Canada or around the world. KPMG’s tax professionals can provide effective tax advice and planning that is tailored to your business to help you adapt to change, respond quickly, and give you a competitive advantage.

Insurance

KPMG's insurance practice in Canada is well placed to help clients successfully navigate challenging times and capitalize on opportunities.