{"id":1417,"date":"2017-12-27T15:00:17","date_gmt":"2017-12-27T14:00:17","guid":{"rendered":"https:\/\/frjournal.eu\/journal\/?p=1417"},"modified":"2017-12-29T17:45:12","modified_gmt":"2017-12-29T16:45:12","slug":"risk-profile-disclosure-requirements-for-italian-insurance-companies-differences-in-the-financial-statement-preparation","status":"publish","type":"post","link":"https:\/\/frjournal.eu\/journal\/2017\/12\/27\/risk-profile-disclosure-requirements-for-italian-insurance-companies-differences-in-the-financial-statement-preparation\/","title":{"rendered":"Risk profile disclosure requirements for Italian insurance companies: Differences in the financial statement preparation"},"content":{"rendered":"<p>Buzzichelli Francesca, Di Pietra Roberto\/\u00a0<a href=\"http:\/\/www.sidrea.it\/category\/riviste\/financial-reporting\/\">Financial Reporting<\/a>,\u00a0<a href=\"http:\/\/www.sidrea.it\/category\/riviste\/\">Riviste<\/a>\u00a0\/\u00a0Fascicolo: 1-2013<\/p>\n<hr \/>\n<p>The content of the annual report of insurance undertakings is regulated by art. 2428 of Italian Civil Code, as well as by the Insurance Code and specific Italian Insurance Supervisor\u2019s regulations. The paper compare the existing legislations, providing an overview of the different requirements, with particular attention to the risk profile disclosure. Moreover, the paper analyzes a significant sample of Italian insurance groups annual reports (from 2007 to 2009 financial year), using content analysis, in order to highlight the level of compliance with the existing rules and the level of preparedness for the upcoming Directive 2009\/138\/EC requirements (Solvency II Directive), which will come into force starting from 2012 financial year.<\/p>\n<p><strong>Keywords:\u00a0<\/strong>Annual report, disclosure, financial statements, insurance risk profile, Solvency II, Solvency and Financial Condition Report (SFCR)<\/p>\n<hr \/>\n<div class=\"fusion-button-wrapper fusion-aligncenter\"><style type=\"text\/css\" scoped=\"scoped\">.fusion-button.button-1 .fusion-button-text, .fusion-button.button-1 i {color:#ffffff;}.fusion-button.button-1 {border-width:0px;border-color:#ffffff;}.fusion-button.button-1 .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-1:hover .fusion-button-text, .fusion-button.button-1:hover i,.fusion-button.button-1:focus .fusion-button-text, .fusion-button.button-1:focus i,.fusion-button.button-1:active .fusion-button-text, .fusion-button.button-1:active{color:#ffffff;}.fusion-button.button-1:hover, .fusion-button.button-1:focus, .fusion-button.button-1:active{border-width:0px;border-color:#ffffff;}.fusion-button.button-1:hover .fusion-button-icon-divider, .fusion-button.button-1:hover .fusion-button-icon-divider, .fusion-button.button-1:active .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-1{width:auto;}<\/style><a class=\"fusion-button button-flat fusion-button-round button-large button-default button-1\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.francoangeli.it\/riviste\/Scheda_Rivista.aspx?IDArticolo=48697&amp;Tipo=Articolo%20PDF&amp;lingua=it&amp;idRivista=163\"><span class=\"fusion-button-text\">Read Article<\/span><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Buzzichelli Francesca, Di Pietra Roberto\/\u00a0Financial Reporting,\u00a0Riviste\u00a0\/\u00a0Fascicolo: 1-2013 The content of the annual report of insurance undertakings is regulated by art. 2428 of Italian Civil Code, as well as by the Insurance Code and specific Italian Insurance Supervisor\u2019s regulations. The paper compare the existing legislations, providing an overview of the different requirements, with particular attention to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[30,1],"tags":[191,160,192,193,195,194],"class_list":["post-1417","post","type-post","status-publish","format-quote","hentry","category-browse-the-journal","category-financial-reporting","tag-annual-report","tag-disclosure","tag-financial-statements","tag-insurance-risk-profile","tag-solvency-and-financial-condition-report-sfcr","tag-solvency-ii","post_format-post-format-quote"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Risk profile disclosure requirements for Italian insurance companies: Differences in the financial statement preparation | Financial Reporting Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frjournal.eu\/journal\/2017\/12\/27\/risk-profile-disclosure-requirements-for-italian-insurance-companies-differences-in-the-financial-statement-preparation\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Risk profile disclosure requirements for Italian insurance companies: Differences in the financial statement preparation | Financial Reporting Journal\" \/>\n<meta property=\"og:description\" content=\"Buzzichelli Francesca, Di Pietra Roberto\/\u00a0Financial Reporting,\u00a0Riviste\u00a0\/\u00a0Fascicolo: 1-2013 The content of the annual report of insurance undertakings is regulated by art. 2428 of Italian Civil Code, as well as by the Insurance Code and specific Italian Insurance Supervisor\u2019s regulations. The paper compare the existing legislations, providing an overview of the different requirements, with particular attention to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/frjournal.eu\/journal\/2017\/12\/27\/risk-profile-disclosure-requirements-for-italian-insurance-companies-differences-in-the-financial-statement-preparation\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Reporting Journal\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-27T14:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-29T16:45:12+00:00\" \/>\n<meta name=\"author\" content=\"Financial Reporting\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Financial Reporting\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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