The Financial Accounting Standards Board released a long-awaited accounting standards update Wednesday to improve the financial reporting for insurance companies that issue long-duration contracts, ...

IRDAI proposes new accounting standards for insurers from April 1 to align with global practices, improving transparency and investor confidence with Ind AS 117 and Ind AS 109.

The joint FASB/IASB project on accounting for insurance contracts could impact reporting entities of all kinds. For the past three years, the Financial Accounting Standards Board and the International ...

Move to Ind AS 117 framework will modernise how insurers report long-term profits and liabilities without altering existing policy terms, premiums or coverage for customers ...

Insurance companies must save a certain percentage of the premiums they receive to pay for claims. The amount set aside, the reserves, must be enough should a large group of policyholders experience a ...

Insurance Accountants unveiled an AMS360 integration to support payment handling and reconciliation for independent insurance agencies. SCOTTSDALE, AZ, UNITED STATES ...