Seguros e Contabilidade

A The Economist (Insurance: Black box blues, 24/07/2008) apresenta o momento ruim do setor de seguros. Mas uma das questões é a contabilidade. As normas do IFRS são criticadas. A alternativa é o Embedded Value (EV), que representa o capital dos acionistas mais lucros futuros que se espera gerar com a carteira atual, ajustada ao risco.

Uma alternativa proposta agora é o Market Consistent Embedded Value (MCEV)

The good news is that the industry is taking note. In June, a forum of Europe’s biggest insurers agreed to implement new Market Consistent Embedded Value (MCEV) rules in 2009. These require companies to make uniform assumptions about investment returns and apply the reporting standard across the entire company. In addition it will no longer be possible to book at once the profit expected from holding risky assets. Mr Crean argues that MCEV standards make it easier to see how much cash is being generated by the "back book" of existing business and how much of this is being reinvested in new business, rather than being handed to shareholders as dividends.