Indonesia: Proposed updates to PSAK 74 in response to amendments to IFRS 17
In this e-Alert, we discuss amendments introduced to reduce the costs of IFRS 17, their impact on insurers and the likely impact on financial accounting standards.
Is it possible that an involuntary, partial social program could be established to provide long-term care (LTC) coverage? The financial impact on LTC carriers of a partial social LTC program would be highly dependent on the specific characteristics of the insurers’ LTC business as well as the features associated with the social program.
This article was originally published by the Society of Actuaries.