Following IAS/IFRS, the current accounting regime for European life insurance companies is oriented towards delaying the recognition and distribution of profit, and is still largely rooted in requirements for statutory solvency reporting. But, since the late 1980s, some insurers and banks with...

Many insurers disclose Embedded Value reports, a 'capital market-consistent' valuation framework for their life insurance business, to provide investors with additional information. We examine the incremental and relative information content of Embedded Value components in comparison to the...

We evaluate the effectiveness of disclosures in the context of the insurance market in India. We present product advertisements to customers with three differing sets of disclosures: the actual rate of return on the product, a benchmark return of a similar product, and product features of a more...

Since 1997, and where designated, state regulation dictates the content and structure of the life insurance illustration. Based on the model regulation the National Association of Insurance Commissioners adopted in 1995, illustrations have a mandated purpose of to educate and protect the...