ИНТЕЛИГЕНТНАТА СПЕЦИАЛИЗАЦИЯ В КОРПОРАТИВНАТА ОТЧЕТНОСТ НА ЗАСТРАХОВАТЕЛИТЕ В НАЧАЛОТО НА ТРЕТОТО ДЕСЕТИЛЕТИЕ НА 21 ВЕК

Abstract

The International Accounting Standards Board / IASB / turned 2021 into the beginning of an important stage of introduction into the corporate reporting of insurers. The strategic line for insurers to be part of a smart economy and smart growth - economics and growth based on knowledge and innovation – rejoices ahead of the introduction of the new IFRS 17 Insurance Contracts, which regulates a revolutionary change over the past 20 years in the accounting model applied to the insurance company. The Standard introduces a single and comprehensive framework for reporting all types of insurance contracts to insurers. The substantial, complex and long-awaited change in the insurance accounting model, dictated by the objective of achieving a thorough global harmonisation of insurance accounting with the principles of IFRS, regulates risk-based optimisation of insurance portfolios and their reporting. The basis is the grouping and evaluation of all insurance contracts in the insurance company, as required by the Standard and the separation of insurance income and expenses from the financial one. The preparation of insurers for the introduction of IFRS 17 Insurance Contracts, key challenges facing them, as a result of its requirements and the potential „highway effects“of its application to the processes in the insurance business. In the course of the assessments and conclusions made and in order to achieve the completeness of the study, the author also launches long-term observations and studies on the expected satisfaction of the criterion of high performance of intelligent specialization in the corporate accountability of insurers through the introduction of IFRS 17 Insurance Contracts, tied to the possibilities of increasing the competitiveness and market advantages of insurers and achieving a qualitative improvement in customer satisfaction with insurance services and understanding of transparency of the insurance business.