Accounting/tax IFRS

News

Expect auditors' critical judgement on IFRS 17

Accountancy Europe urges insurers to involve auditors early in IFRS 17

IFRS 17 to minimally impact insurance product design and pricing

Milliman's study focused on European countries that have adopted Solvency II

Coface choses Duco for IFRS 17 implementation

Credit insurer described Duco as a "genuine disruptor" in data reconciliation

Decision to retain IFRS 17 annual cohorts "not taken lightly" - Hoogervorst

IASB's chair defends use of annual cohorts in ongoing saga

Call for IFRS 17 experts to support UK endorsement

Up to 11 members are needed for an IFRS 17 Technical Advisory Group

Impact of IFRS 17 delay will be limited, survey reveals

More than a quarter of respondents are still unsure of the impacts

Efrag presses IASB to find solution to IFRS 17 annual cohorts

Fix the problem before IFRS 17 is finalised, says Efrag

Video: IASB's Darrel Scott on the next phase of IFRS 17

"We will have certainty as to the final shape of IFRS 17 and it will allow people to move into the final implementation process"

European insurers make last-minute call to fix IFRS 17

Lobby group Insurance Europe highlights annual cohorts and other issues ahead of IASB meeting

Analysis

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

Actuarial recruitment: a pause for the pandemic

Cintia Cheong reports on the how the actuarial job market in the UK is faring amid the coronavirus pandemic, the IR35 tax changes and the implementation of IFRS 17

IFRS 17 in the UAE: the real issue is lack of expertise

Oscar Kitasoboka, chief actuary at the UAE Insurance Authority, talks to Cintia Cheong about the IFRS 17 challenges facing the country's insurers in comparison to other regions

Chubb's Barney Wanstall: creating the 'end-to-end' IFRS 17 solution

One of the biggest challenges for insurers implementing the IFRS 17 accounting standard is creating a seamless and robust system that takes in all the relevant information and produces the required numbers, as Chubb's head of IFRS 17 implementation in 25 countries explains to Cintia Cheong

IFRS 17 implementation requires "extreme flexibility"

Cristina Colozza, IFRS 17 disclosure and methodology central lead at Zurich, tells Cintia Cheong about the firm's IFRS 17 implementation status and the importance of its financial impact assessment