The IFRS Financial Statements of Large Insurance Groups as at 31 December 2010

Mazars analyses, in a new Mazars Insight, the 2010 annual reports of large European insurance groups, to highlight the sensible points of the year.

Many insurance groups have a calendar financial year. In 2010, this financial close coincided with the continuing financial crisis, and as such was heavily impacted by unfavorable business environment conditions, such as:

  • Stagnation within the main developed countries;
  • Low interest rates;
  • Increased credit risk on government bonds;
  • Prolonged decline in the stock markets;
  • High market volatility; and
  • Solvency II framework early stage implications.

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