The Angola Insurance Authority has issued a regulatory standard adopting a new chart of accounts for insurance and reinsurance companies, intended to align sector accounting with internationally accepted principles and support the adoption of International Accounting Standards and International Financial Reporting Standards (IAS/IFRS). The measure relies on the supervisor’s statutory power to set accounting rules for institutions under its supervision, including specifying the information firms must submit to the authority and disclose publicly. The chart of accounts, titled the Chart of Accounts for Insurance Companies (PCES), is annexed to the regulatory standard and forms an integral part of it, and was prepared following consultation with Angola’s Order of Accountants and Accounting Experts.
Angola Insurance Authority (ARSEG) 2025-10-09
Angola Insurance Authority approves IFRS-aligned chart of accounts for insurance and reinsurance companies
The Angola Insurance Authority has issued a regulatory standard adopting a new chart of accounts for insurance and reinsurance companies to align sector accounting with International Accounting Standards and International Financial Reporting Standards. The Chart of Accounts for Insurance Companies (PCES) is annexed to the standard and was developed in consultation with Angola’s Order of Accountants and Accounting Experts, utilizing the supervisor’s statutory power to set accounting rules and specify information disclosure requirements.