Insurance IFRS Webcasts
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The IFRS Insurance webcasts, hosted by Francesco Nagari, Global IFRS Insurance Leader, provide highlights and analysis from discussions at the IASB meetings.
The International Accounting Standards Board met on 16 November, to resume its discussions on the draft IFRS 17, Insurance Contracts. During the meeting, the Board unanimously agreed the mandatory effective date of the new standard as 1 January 2021. IFRS 17 Insurance Contracts is expected to be published in the first half of 2017.
Additionally, the Board discussed eight papers tabled by the IASB Staff relating to issues that have emerged during the external field testing and drafting of the standard. Issues covered included:
- Level of aggregation;
- Experience adjustments;
- Transition and risk mitigation; and
- Other sweep issues.
During our Webcast on Tuesday 22 November, Francesco summarized the highlights from the meeting and the outcomes of the IASB's discussions.
To subscribe to the IFRS Insurance Webcast series, please contact us.