Seeking Alpha

The Financial Accounting Standards Board is due to propose changes to accounting rules for...

The Financial Accounting Standards Board is due to propose changes to accounting rules for insurers that could cause increased earnings volatility and lower sales growth. Insurers would have to recognize premium revenue over time when insurance is being provided rather than when it is received, while the reporting of costs might be delayed as well. Every time a company released earnings, it may have to change its assumptions about its expected income and expenses.
From other sites
Comments (1)
  • Jalb
    , contributor
    Comments (98) | Send Message
     
    Er, what is strange about allocating premium income to the period when the risk is occurring? This side of the pond we've been doing that all my working life
    28 Jun 2013, 07:07 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs