IRA to review impact of new accounting rules on insurers

BDIFRS17 (1)

IRA wants to review how a new accounting standard that started in January is going to impact underwriters. PHOTO | SHUTTERSTOCK

The Insurance Regulatory Authority (IRA) wants to review how a new accounting standard that started in January is going to impact underwriters and find ways of smooth implementation.

The regulator is looking for a consultant to do the job that will rely on the restated financial statements of last year.

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