Berenberg brands IFRS 17 ‘confusing’ for policyholders
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Berenberg brands IFRS 17 ‘confusing’ for policyholders

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The IFRS 17 insurance accounting standards recently introduced are “so confusing” that non-life policyholders will be unable to assess how much profit carriers are making, according to Berenberg.

Analysts Michael Huttner and Thomas Bateman said in a note today that this will mean insurers will be able to earn higher margins for longer.

The

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