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PwC UK’s team is excited to publish their latest report comparing FY23 disclosures under IFRS17, a standard bringing consistency to the global #Insurance industry, for its first year. It looks at the approaches of large UK life and general insurers. It includes deep dives by market, a detailed comparison of company disclosures, and thoughts on consistency and next steps. Read the full report here: https://pwc.to/3wgZNS9 #FinanceTransformation #GlobalInsuranceFinanceTransformation

We are excited to publish our latest report comparing FY23 disclosures under IFRS17, a standard bringing consistency to the global #Insurance industry, for its first year. It looks at the approaches of large UK life and general insurers. It includes deep dives by market, a detailed comparison of company disclosures, and thoughts on consistency and next steps. Read the full report here: https://pwc.to/3wgZNS9 #FinanceTransformation #GlobalInsuranceFinanceTransformation

Financial pros, like accountants, bookkeepers, and outsourced CFOs, prioritize managing day-to-day tasks while ensuring clients have the right commercial insurance coverage. Quarter end discussions often involve reviewing existing coverage and assessing changes in the business, such as adding employees or vehicles. During that review, make sure to look at how your clients are using their vehicles and what coverage they may have. Many assume personal auto policies cover business use, but that's not always the case. Our team has created the "Financial Professionals’ Guide to Your Client’s Insurance" to help navigate these complexities. Let's connect and visit https://lnkd.in/ep9gBMrm for your copy! Have other questions about what your customers may need to be considering for their insurance needs? Ask away! #insurance #smallbusiness #financialpros #cpas #cfos #womenininsurance #womeninbusiness #accountantsandaccounting #insurtech

PwC UK’s team is excited to publish our latest report comparing FY23 disclosures under IFRS17, a standard bringing consistency to the global #Insurance industry, for its first year. It looks at the approaches of large UK life and general insurers. It includes deep dives by market, a detailed comparison of company disclosures, and thoughts on consistency and next steps. Read the full report here: https://pwc.to/3wgZNS9 #FinanceTransformation #GlobalInsuranceFinanceTransformation

What is an Earned Premium? Earned premiums are portions of an insurance contract that have expired, meaning that the insurance company is no longer assuming any financial risk and the premium is considered earned ¹. The earned premium can be calculated using the accounting method or the exposure method ¹. The accounting method is the most common method of calculating earned premium and divides the total premium by 365 and multiplies this by the number of days that have elapsed . ². The exposure method calculates the portion of unearned premium exposed to loss during the period. #insurance #healthinsurance #insuranceindustry

PwC UK’s team is excited to publish their latest report comparing FY23 disclosures under IFRS17, a standard bringing consistency to the global #Insurance industry, for its first year. It looks at the approaches of large UK life and general insurers. It includes deep dives by market, a detailed comparison of company disclosures, and thoughts on consistency and next steps. Read the full report here: https://pwc.to/3wgZNS9 #FinanceTransformation #GlobalInsuranceFinanceTransformation

PwC UK ’s team is excited to publish their latest report comparing FY23 disclosures under IFRS17, a standard bringing consistency to the global #Insurance industry, for its first year. It looks at the approaches of large UK life and general insurers. It includes deep dives by market, a detailed comparison of company disclosures, and thoughts on consistency and next steps. Read the full report here: #FinanceTransformation #GlobalInsuranceFinanceTransformation

PwC UK ’s team is excited to publish their latest report comparing FY23 disclosures under IFRS17, a standard bringing consistency to the global #Insurance industry, for its first year. It looks at the approaches of large UK life and general insurers. It includes deep dives by market, a detailed comparison of company disclosures, and thoughts on consistency and next steps. Read the full report here: #FinanceTransformation #GlobalInsuranceFinanceTransformation

PwC UK's new IFRS 17 report has launched, providing stakeholders with a useful comparison of FY23 disclosures from some of the UK's biggest #insurance companies. Divergences in approaches, calibrations and level of granularity were identified for some mandatory disclosures. Our report is a handy tool for insurers to compare their disclosures with peers and reflect on whether they want to make adjustments in the years to come. Read the full report here: https://pwc.to/3wgZNS9 #FinanceTransformation #GlobalInsuranceFinanceTransformation

Term Life Insurance Premiums: Choosing the Right Coverage Period 📍 For a 30-year-old, a 2 crore cover has the following premiums: Up to 60 years: Rs 17,900 Up to 65 years: Rs 20,276 Up to 70 years: Rs 23,014 Up to 75 years: Rs 26,681 Up to 80 years: Rs 28,800 Up to 85 years: Rs 32,408 If you opt for coverage until 85 years, there's a high likelihood that the insurer will make a claim payment. Consequently, the premium for this period is nearly double that of the premium for coverage until 60 years. 📍 Key Considerations: 📌 Financial Dependents: Assess the period during which your dependents will need financial support. 📌 Cost-Benefit Analysis: Weigh the higher premiums against the likelihood of the insurer making a claim. 📌 Retirement Plans: Consider your retirement age and how long you wish to maintain coverage. Choosing the right term plan cover requires careful thought. Review your current financial obligations and plans to ensure you make the best decision. Visit our profile https://lnkd.in/gPE5GWKC for more insights on securing your family's future. Contact us today to explore your insurance options and take the first step towards peace of mind. Join our WhatsApp channel to stay updated on all things insurance. Connect with us for the latest news and information. https://lnkd.in/gba36AYu: 📌 Insurance is the subject matter of solicitation. Kindly read the terms and conditions carefully before purchasing. #personalcfo #insurance #termplan #jatwanisuraj #personalfinance