Tag: IFRS 17

South Korea Adjusts Discount Rate Rules to Ease Non-Life Insurer Solvency Challenges

South Korea's Financial Supervisory Service has eased discount rate regulations to reduce solvency pressures on non-life insurers amid declining interest rates and IFRS 17 accounting challenges.

South Korea Eases Discount Rate Rules to Bolster Non-Life Insurer Solvency

South Korea's Financial Supervisory Service relaxes discount rate regulations easing solvency pressures for non-life insurers under IFRS 17 and K-ICS standards, highlighting asset-liability management importance.