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Matching the market

The concept of market consistency is still very loosely defined under European Embedded Value (EEV), but pressure for change is growing. Blake Evans-Pritchard reports

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Despite an ever-increasing number of European insurers reporting under European Embedded Value (EEV), things are still not being done in a uniform way and firms have an overly generous amount of freedom to interpret the EEV principles in a way that best fits the profile of their balance sheet. But developments elsewhere - namely the revision of International Financial Reporting Standards (IFRS)

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