Bahrain
Kuwait
Oman
Middle East
GDN Online App available on
App Store / Play Store
Gulf Daily News Gulf Daily News
Gulf Daily News Gulf Daily News Gulf Daily News Gulf Daily News Gulf Daily News
Wednesday, December 19, 2018 ARCHIVES  |  SEARCH  |  POST ADS  |  ADVERTISE  |  SUBSCRIBE   |  LOGIN   |  CONTACT US

Insurers gear up for IFRS standards

Bahrain Business
Mon, 17 Sep 2018


MANAMA: Large insurers have stepped up their preparations for International Financial Reporting Standard (IFRS) 17 and 9 standards, but smaller insurers have fallen further behind in preparing, according to a new report. The KPMG International report titled In it to win it, finds that 67 per cent of large insurers (with premiums over $10 billion) surveyed are in the design or implementation phase for IFRS 17, with almost 64pc in a similar place with respect to IFRS 9.

You Might Like