The publication is an analysis of the results of major insurers in South Africa for the year ended 31 December 2014.
We are pleased to provide you with a copy of Ready or not, here it comes which summarises the status of the International Accounting Standards Board (IASB) re-deliberations on the IFRS for insurance contracts and where we go from here
PwC’s sixfth biennial Strategic and Emerging Issues in South African Insurance survey builds on our previous surveys, with content that provides a comprehensive overview of issues and challenges facing the industry.
Welcome to Survival and Success: PwC South Africa’s finance effectiveness benchmarking study in the insurance industry. In this publication, we outline the findings from our benchmarking survey analysis of the South African Insurance industry in 2013/2014.
Understanding the similarities and differences between IFRS 4 Phase II and SAM. The regulatory and financial reporting landscape for insurers in South Africa and their global counterparts is undergoing significant change. While many question the need for change and the costs associated with it, the true competitive advantage lies in implementing the changes as efficiently as possible.
The Financial Services Board (FSB) released Board Notice 158 of 2014, which will become effective on 1 April 2015.
The FSB’s recent SAM 2013 Update provides detail on the SAM parallel run, which is the process which will require insurers to calculate and report information in accordance with the SAM proposals. The main objective of the parallel run is to aid in the transition and implementation of the new SAM regime. Moving to the SAM regime also has wider implications that extend beyond insurers, as auditors and the FSB also need to prepare for these changes.
The survey attempts to gather and compare diverse views from senior banking executives from banking institutions in Angola, Democratic Republic of Congo (DRC), Cote d’Ivoire, Ghana and Nigeria, whilst at the same time protecting confidentiality of the participants As in our South African Banking and Insurance surveys, this survey offers perspectives on the strategic and emerging issues in these territories.
Practical guide to IFRS – insurance contracts
With two months to go before the IASB is expected to release the exposure draft for IFRS 4: Phase II, the accounting standard on the measurement of insurance contracts, we conducted interviews with South African insurance analysts, to obtain their views on the current and suggestions for future reporting by South African insurers. The survey follows a similar study carried out by our global firm during the fourth quarter of 2009.