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In April and May 2012 the Economist Intelligence Unit, on behalf of Deloitte, surveyed 210 insurers headquartered in Europe and North America to investigate the views of insurance companies on the intricacies of the International Financial Reporting Standards (IFRS) and their level of preparation for implementation.
Respondents were drawn from the UK, France, Germany, Spain, Italy, Switzerland, the Netherlands, Canada and the United States. Insurers were grouped by net written premiums (NWP), with 21 very large insurers with more than €5bn NWP; 24 large insurers with €1bn-€5bn; 47 with €500m-€1bn; and 118 with NWP of less than €500m.
In addition, in-depth interviews were conducted with five experts from insurance companies. Our thanks are due to the following for their time and insight (listed alphabetically):