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Newsletter May 2011: LONDON - International and US accounting rule-makers hope to finalise their individual standards on the vexed question of insurance contracts in the next 18 months or so, before looking at how best to tackle any differences standing i

Simon Turmaine | May 17, 2011

The aim is to produce a standard for measuring the value of insurance contracts - the policies sold by insurance firms which form the bulk of their liabilities - that provides a consistent measurement basis. It’s something that’s notoriously difficult to achieve because of the absence of an active secondary market to provide benchmark prices.

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