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A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticized by investors for being a “black box” that keeps them in the dark.

The International Accounting Standards Board (IASB), whose rules are used in over 100 countries including in the EU which is home to insurers like Aviva , Axa , Generali and Allianz , published its draft rule on how to measure the value of insurance and Read the rest of this entry »