Accounting/tax IFRS

News

VIG stresses need to test IFRS 17 early

Austrian insurer describes the company's dry run process

European carve out advocated for IFRS 17 annual cohorts

Spanish and Polish insurers call for changes to annual cohort requirement

CA Vida picks Moody's Analytics for IFRS 17 implementation

The Portuguese insurer will use RiskIntegrity for IFRS 17, a cloud-based tool from Moody's Analytics

European Commission set to rule on IFRS 17 annual cohorts issue

Efrag fails to reach consensus on whether to endorse use of annual cohorts

Insurers divided on IFRS 17 key performance indicators

Highlights from InsuranceERM's IFRS 17 virtual conference

Tax reform on the table for Bermuda's re/insurance business

Government considering corporate tax shift as island faces further blacklisting

German insurers propose split approach for sustainability reporting

GDV suggests narrative ESG reporting, and a central database

Cocolife partners with Moody's Analytics for IFRS 17

The partnership follows the software provider's earlier collaboration with Singlife

Canada's CAA selects Aptitude software for IFRS 17 implementation

More and more P&C insurers look for IFRS 17 solution, says Aptitude

Fix annual cohorts, then we'll support IFRS 17 endorsement, say European insurers

Insurance Europe and CFO Forum say other issues do not block endorsement

Analysis

Reinsurance could potentially offer IFRS 17 profit mutualisation

Alexandre Tzenev, managing director for financial solutions EMEA at Scor, tells Cintia Cheong how reinsurance can offset the impact of onerous contracts under IFRS 17

IFRS 17 confidence level disclosure: ultimate run-off vs one year

Cintia Cheong explores why insurers face a tricky choice between the two different time horizons for the confidence level disclosure of the IFRS 17 risk adjustment

IFRS 17's neglected questions: the risk adjustment and confidence levels

Andries Beukes discusses with Cintia Cheong the findings of an investigation into how insurers are planning to calculate their IFRS 17 risk adjustment and confidence level

IASB issues final version of IFRS 17

The deferral of implementation to 2023 and the reinsurance accounting changes are most welcomed by insurers. Cintia Cheong reports

The key decisions in Samsung Life's journey to IFRS 17 implementation

Samsung Life's Jeong Hyeok Park and Deloitte Korea's Byoung Shin tell Cintia Cheong how the insurer is implementing the new accounting regime and what they make of the recent amendments to the standard

Choosing KPIs for IFRS 17

IFRS 17 is bringing a fundamental change in the accounting of re/insurance contracts for more than a thousand insurance entities around the world. Milena Lacheta and Wijdan Yousuf explain what analysts, rating agencies and auditors are thinking about measuring performance under the new standard