Global capital rule likely to value assets in two ways
Posted On: Dec. 18, 2014 12:00 AM CSTDue to difficulties in merging accounting standards in various nations, the first single global capital rule for cross-border insurers would use two methods for valuing assets, Reuters reports.
The capital rule will come into effect in 2019. It is aimed at ensuring that insurers have sufficient capital to meet policyholders' obligations and avoid bailouts.