Changing Corporate Behavior and Economic Consequences of Insurance Liabilities by Evaluated Fair value

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This research expects the economic consequences of the new Insurance accounting standards by IASB. First, I explore differences between IFRS and currently GAAP. And then, I expect the economic consequences. Currently GAAP has a system to protect insurers. If new insurance accounting standards has adopted Japanese insurance companies, they have to change their management policy. This means that Japanese insurance industry will be in the same field in other industry.