Investigate the regulation of insurance rights in line with the new accounting and capital system (IFRS17, K -ICS) -Discussing the 7th Insurance Reform Council for Trust Restoration and Innovation

News Corporate Finance & M&A General Updates

Date: 12th Mar, 2025 Source: Financial Services Commission Country: South Korea Original Source

Brief

On "12/03/2025", the "Financial Services Commission" issued an update regarding "Investigate the regulation of insurance rights in line with the new accounting and capital system (IFRS17, K-ICS) - Discussing the 7th Insurance Reform Council for Trust Restoration and Innovation". The commission aims to improve the capital regulations for the insurance industry by adopting the IFRS17 and K-ICS systems.

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Financial Services Commission

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Investigate the regulation of insurance rights in line with the new accounting and capital system (IFRS17, K -ICS) -Discussing the 7th Insurance Reform Council for Trust Restoration and Innovation

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Investigate the regulation of insurance rights in line with the new accounting and capital system (IFRS17, K -ICS) -Discussing the 7th Insurance Reform Council for Trust Restoration and Innovation

Brief

Financial Services Commission

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Thanking You!

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