IFRS17: Rendering Credit Rating Agencies Obsolete?

Introduction A recent piece by Insurance Europe highlighted that The Solvency II risk margin currently ties up around €190bn of EU insurers’ capital asserting that, “This is unnecessarily high and reduces insurers’ capacity to take on risks and to invest in the economy.” There are always two sides to a coin and arguments in favour… Continue reading IFRS17: Rendering Credit Rating Agencies Obsolete?