The worldwide insurance industry may be worth more than you think. Industry analysts believe that reporting isn't as consistent as it could be, and that improvements to insurance financial reporting would pump up those stock prices.
PricewaterhouseCoopers interviewed more than 40 investment professionals from the U.S., Asia and Europe, finding that dissatisfaction with insurance financial reporting was widespread. They'd like to see the International Accounting Standards Board and Financial Accounting Standards Board build a better mousetrap for the industry.
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