Insurers call for delay in prising open 'black box' accounts

Nine national and regional insurance industry bodies from Europe, Canada, Korea, New Zealand, Australia and South Africa want the International Accounting Standards Board (IASB) to amend and delay its "IFRS 17" book-keeping rule by two years to January 2023.Twenty years in the making, the rule seeks to make it easier for investors to compare how much insurers earn from policies by prising open a "black box" of opaque national practices.IASB rules are used in over 100 countries, though the United