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Manulife reports 1Q23 net income attributed to shareholders of $1.4 billion, core earnings of $1.5 billion, strong core EPS growth and core ROE, and Global Wealth and Asset Management net inflows of $4.4 billion

Manulife reports 1Q23 net income attributed to shareholders of $1.4 billion, core earnings of $1.5 billion, strong core EPS growth and core ROE, and Global Wealth and Asset Management net inflows of $4.4 billion
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Way forward for Ind-AS 117 Insurance Contracts

The IASB’s newstandard for insurance contracts has an effective date of 1 January 2023. Thus, it is expected that the Insurance Regulatory and Development Authority of India (IRDAI) will announce soon on applicable date for Ind AS 117.

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Audit-trail

Market readiness for IFRS 17 in Mena varies: AM Best

The level of preparedness in the Mena region for IFRS 17 varies significantly by country and by insurer, ahead of the standard’s effective date of January 1, 2023, said global credit rating agency AM Best in a new report.

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