Archive

GCC insurers find the positives in IFRS 17 implementation

IFRS 17 compliance is tougher for insurers in emerging markets such as the Gulf Cooperation Council. Despite the challenges, the sector is optimistic about potential benefits, as Joshua Geer reports

Scor CEO: IFRS 17 will force us into improving value explanation

During RVS 2022, Laurent Rousseau warned to expect more volatility in financial metrics

Interpretations Committee to consider tweaks to IFRS 17 for multi-currency contracts

Changes to wording of tentative agenda decision due for approval next week

LDTI: beneath the headlines

The biggest US insurance accounting change in decades is causing some startling impacts on financial metrics, but the likely effects of LDTI are not troubling many. Sarfraz Thind reports

Phoenix's IFRS 17 spend hits £47m in H1

Disclosure on impacts expected next year

IFRS 17: still waiting for disclosures

The IFRS 17 accounting standard is due to be implemented in five months' time, but many insurers are leaving it until the eleventh hour to reveal what impact the transition will have on their financial metrics. Christopher Cundy and Paul Walsh report

KPMG: seven ways insurers can prepare for IFRS 17 and IFRS 9

Standards will significantly change financial reporting for underwriters

OSFI reveals solvency capital rules for IFRS 17 transition

IFRS 17 annuity accounting decision approved by IASB

Accounting standards board also considers clarifications on multi-currency contracts

IFRS Interpretations Committee concludes on annuity profit recognition for IFRS 17

Insurers had advocated for an alternative method to be used