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The paper explores the use of accounting standards for insurer solvency assessment in the context of the implementation of IFRS 17. The paper is based on the results of a survey of 20 insurance supervisors. Overall, IFRS 17 is a welcome development but there will be challenges of implementation. Not many insurance supervisors currently intend to use IFRS 17 as a basis for solvency assessment of insurers. Perceived shortcomings can be overcome by supervisors providing clear specifications where the principles-based standard allows a range of approaches. Accounting standards can provide a ready-made valuation framework for supervisors developing new solvency frameworks.

Accounting --- Finance: General --- Insurance --- Industries: Financial Services --- Insurance Companies --- Actuarial Studies --- Accounting and Auditing: Government Policy and Regulation --- General Financial Markets: Government Policy and Regulation --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Public Administration --- Public Sector Accounting and Audits --- Bankruptcy --- Liquidation --- Financial services law & regulation --- Finance --- Public finance accounting --- Insurance & actuarial studies --- International Financial Reporting Standards --- Insurance companies --- Accounting standards --- Solvency --- Financial regulation and supervision --- Financial institutions --- Public financial management (PFM) --- Financial sector policy and analysis --- Banks and banking --- State supervision --- Finance, Public --- Debt --- United States