EFRAG agrees on draft endorsement advice on IFRS 17
EFRAG updates on draft endorsement advice (DEA) on IFRS 17 'Insurance Contracts'
IASB issues amendments to IFRS 17 Insurance Contracts
IFRS in Focus
This IFRS in Focus addresses the recent amendments to IFRS 17 Insurance Contracts that have been published by the International Accounting Standards Board (Board) in June 2020.
IASB publishes proposed amendments to IFRS 17
The International Accounting Standard Board (IASB) has published a draft proposing targeted amendments to IFRS 17 to respond to concerns and challenges raised by stakeholders as IFRS 17 is being implemented. Comments are requested by 25 September 2019.
IASB Meeting Summary
2018 - 2019
Since IFRS 17 (“the Standard”) was issued, the International Accounting Standards Board (“IASB” or “The Board”) has been engaging with insurers and other stakeholders to support in the transition to the Standard. As part of this process and alongside the establishment of the Transition Resource Group, the IASB has sought to understand the concerns and challenges presented by all stakeholders by gathering and discussing feedback on the Standard.
Since IFRS 17 (“the Standard”) was issued, the International Accounting Standards Board (“IASB” or “The Board”) has been engaging with insurers and other stakeholders to support in the transition to the Standard.
Global IFRS Insurance Survey 2018
2021 countdown underway: Insurers prepare for IFRS 17 implementation
A year after the publication of IFRS 17 Insurance Contracts (IFRS 17), and with just over two years until its mandatory effective date of 1 January 2021, how are global insurers preparing to operate under the new financial reporting regime?
The measurement of reinsurance contracts under IFRS 17
IFRS 17 Insurance Contracts
In this article, we consider the key differences between the treatment of direct business and reinsurance business under IFRS 17, and highlight some of the challenges faced by insurers in modelling reinsurance contracts under the new standard.
IFRS Insurance Global
IFRS 17 marks a once in a lifetime regulatory change in accounting for insurance policies. The new rules aim to bring greater transparency in the financial reporting of an industry whose accounts have often been labelled as a ‘black box’. For more information on global content click here.
IFRS Insurance Global