Insight
Thailand in focus - What's new in Non-Life August 2022
The latest on Thailand non-life insurance: Premiums rise 2.3% 1Q versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.
International Financial Reporting Standard 17 (IFRS 17) represents a fundamental change in accounting rules, and insurers may be unsure of how, or even whether, their product pricing and design may change as a result. It is likely that companies will want to start thinking already about how the products that they are selling or launching now will look like under the new accounting regime. This white paper considers the potential impact of IFRS 17 on insurance product design and pricing in the European markets and contrasts the expected impact on a range of life insurance products.
Insight
The latest on Thailand non-life insurance: Premiums rise 2.3% 1Q versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.
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Impact of IFRS 17 on insurance product pricing and design
This white paper considers the potential impact of International Financial Reporting Standard 17 on insurance product design and pricing in the European markets and contrasts the expected impact on a range of life insurance products.