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ICICI Lombard targets 18-20% ROE, heavily investing in health insurance, says CFO Gopal Balachandran

CFO News

The insurer has achieved a ninefold increase in policy issuance while reducing headcount by 20 per cent, through technology investments. CFO Gopal Balachandran outlines the companys focus on health insurance expansion, regulatory compliance, IFRS 17 preparedness, and its approach to profitability and risk management.

IFRS 45
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Hedge Accounting: 3 Key Benefits of IFRS 9

Reval

IFRS 9 is changing hedge accounting forever. Companies in the European Union have only begun to kick off their IFRS 9 initiatives since the European Commission endorsed the standard in November 2016. IFRS 9 Advantages in a Nutshell. Finance professionals had to hedge for all risks, rather than for just the aluminum component.

IFRS 52
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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. What is Artificial Intelligence? With a large and diverse enough data set (e.g.

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Modernising finance reporting in support of ESG

Future CFO

To deliver sustained profitable growth and meet new disclosure obligations CFOs will have to embed sustainability into business decisions by connecting material issues to value creation and risk management. The post Modernising finance reporting in support of ESG appeared first on FutureCFO.

Finance 59
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Finance professionals' guide to preparing sustainability reports

Future CFO

ACCA's guide seeks to help all organisations irrespective of size, industry or sector, focusing on preparing for sustainability reporting in accordance with the IFRS Sustainability Disclosure Standards (or the ‘ISSB Standards’).

Finance 52
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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

It’s also the risk management part of the role that keeps the role exciting, crucial, and a continuous growth area,” Ramon adds. It’s always a challenge when you start to implement a new technology,” Ramon concedes.

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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

Climate-related risks and their actual or likely material impacts on the registrant’s business, strategy, and outlook; ? The registrant’s governance of climate-related risks and relevant risk management processes; ? ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021.