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KPMG's Insurance Group – Recent Publications – June 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're pleased to share with you recent studies, white papers, articles, and multimedia content published by KPMG.

A new world for insurance

A new world for insurance - new IFRS proposals for insurance accounting released

 

The new accounting and reporting model for insurance contracts proposed by the IASB on June 20, 2013 would completely overhaul the way an insurer’s financial statements look. The re-exposure draft would go some of the way towards addressing concerns that the changes to insurance and financial instruments accounting in the original IFRS proposals would create potentially large and unrealistic volatility in profit or loss. The new proposals would also provide a consistent reporting framework for use across and within entities. This begins a relatively short comment period which is intended to lead to a final standard in early 2014.

The new UK supervisory framework: Opportunities and challenges...

The new UK supervisory framework: Opportunities and challenges...

 

A report looking at the challenges for the financial services industry of the legal transition from the Financial Services Authority to the new regulatory bodies: Financial Policy Committee, Prudential Regulation Authority and Financial Conduct Authority.

Resolution Planning

Resolution Planning [PDF 90Kb]

 

As in most jurisdictions, US financial institutions are subject to requirements for resolution plans. In developing their Resolution Plan, filers must keep in mind that the resolution planning process continues to evolve. And the standard format and requirements of these plans may change as regulators continue to review the initial plans filed.

Solvency ll: From building ERM frameworks to empowering risk management

Solvency ll: From building ERM frameworks to empowering risk management

 

The delays to Europe’s Solvency II present insurers with an opportunity to step back and think about how they can fully embed risk management within the business.

Insurers machines that talk and the driverless car

Insurers machines that talk and the driverless car

 

Technology is capable of being hugely disruptive to established business models. However, insurers, as an industry, have shown themselves to be capable of innovating and harnessing the benefits of technological change.

Frontiers in Tax - April 2013

Frontiers in Tax - April 2013

 

This edition of frontiers in tax is devoted to developments in the Asia Pacific region — relatively unscathed by the crisis and continuing to offer evidence of dynamism and growth, but not without challenges.

Moving on - The scope for better regulation in banking

Moving on - The scope for better regulation in banking

 

This publication focuses on the cumulative impact of regulatory change on the wider economy – in particular, economic growth.

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