Mazars’ hospitality community, together with international experts, are pleased to launch our Global Study on AI in the Hospitality Industry.
Analysis of the Solvency and Financial Condition Reports of European Insurance and Reinsurance Entities
For the second successive year, Mazars has conducted a survey of solvency and financial condition reports. Last year’s analysis considered the reports of French companies, but this has now been extended to include 15 European entities subject to the Solvency II directive, which came into force on 1 January 2016, and has fundamentally changed the regulatory framework for European insurance companies and undertakings.
When the 17 Sustainable Development Goals (SDGs) and the 169 targets were launched, the message was clear to all stakeholders of the world – governments, regulators, companies, and populations – we need to do more to protect the world for future generations. So where are we now, and how are companies reacting to this brave new world? Mazars` Global Sustainability Leadership Team explores this and more in the Global Goals Yearbook 2018.
The new standard IFRS 9 on financial instruments has been effective starting 1st January 2018 for most entities but insurance groups have the possibility to defer its application to 2021, the year when the new standard IFRS 17 on insurance contracts will enter into force.
Mazars automotive expert community, together with the industry experts from IHS, are pleased to present the 2018 global study on sustainable mobility.
To celebrate the world water day, Mazars is glad to share the key results of the latest Mazars global water survey, focusing on the global water risks.
The new IFRS 15 on revenue recognition came into effect on 1 January 2018. It replaces IAS 11 on construction contracts and IAS 18 on the sale of goods and rendering of services, and all the associated interpretations.
Our previous report, published last year, called on leading entities to take a cautious approach in 2016, in particular because of the state of order books at the end of 2015.
This caution has been confirmed by a year that saw the consolidation of business by leading construction companies: a decrease in activity and a slight margin improvement, reflecting a refocus on core business activities and greater selectivity.
In 2016, real estate investment in Europe fell by 9% by comparison with 2015 to €230 billion, but the listed real estate companies in our sample nevertheless achieved excellent financial performances.
Reinsurance, also known as the “ insurers’ insurance ”, plays a key role in the global market economy today. Several factors, such as the strengthening of capital requirements, the increasing level of significant NAT CAT events or the need for optimal coverage is increasing the need for reinsurance.