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Heading in the same direction? IFRS Phase II and Solvency II


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IFRS Phase II and Solvency II

It is well understood that Solvency II, the new solvency regime for European Insurers, is set to have a significant impact on the industry and undoubtedly its effects have been at the forefront of most insurers’ minds over the last year.

However, despite Phase II of the IASB’s work on insurance contract accounting due to come into effect too, it's implications do not seem to rank as highly on management's priority list, as it's counterpart, Solvency II.

In the latest in our series of Solvency II articles, we explore the similarities and differences between Solvency II and Phase II, and outline what insurers could be doing to address these regulatory and accounting developments.

For further information, download our publication  Heading in the same direction? IFRS Phase II and Solvency II  (PDF, 206 KB)

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