Delfin Rueda declared: "I am delighted to take on the role of Chair of the CFO Forum at this critical phase in the development of financial and non-financial reporting standards for the insurance industry. Currently the sector is confronted with many new challenges and opportunities, in which the CFO Forum can take an important role. I would like to thank Matt for his contributions as Chair of the CFO Forum over the past two years. He has led the Forum through an important stage in the ongoing implementation of IFRS 17, the continuing development of Solvency II and other financial reporting matters, including the response to the Covid 19 pandemic."
He also added: "The mission of the CFO Forum remains unchanged: we are committed to transparent, consistent and comprehensive financial reporting, value based reporting, and regulatory (solvency) reporting for insurance enterprises. We believe that such reporting must remain relevant to its users, so that the insurance industry continues to clearly communicate to its stakeholders its social and economic role. I look forward to moving forward with our work on these important matters in the year ahead as Chair of the CFO Forum."
The CFO Forum is actively engaged in providing industry views to regulators and standard setters that develop reporting requirements for the insurance industry, such as IFRS and Solvency II. This includes working together with other industry bodies such as Insurance Europe and the CRO Forum to promote the development of high-quality reporting solutions that are appropriate to the sector.
Source: NN press release