Accounting/tax IFRS
News
Canada considers revising insurance capital guidance for IFRS 17
Regulator will also consult on IFRS 17 accounting policy choices this autumn
PwC partners with Phinsys on IFRS 17
The software provider and PwC aim to help insurers remove costly manual processes
FASB votes to delay LDTI, CECL accounting standards
Accounting body responds to market pressure
Reinsurance remains challenge for Australia to adopt IFRS 17
Non-life insurers concerned by additional data requirements
Efrag urges IASB to reconsider IFRS 17 annual cohorts requirements
EU group gives preliminary response to IASB’s consultation
Aon launches IFRS 17 solution for ReMetrica
New components to help with reporting under incoming accounting standard
IFRS 17 implementation perceived as more complex than Solvency II
Product pricing is expected to be most impacted by the standard
IASB launches consultation on IFRS 17 amendments
Standards board will organise stakeholder events to supplement consultation
IFRS 17 consultation expected on 26 June
Proposed amendments are narrow but provide meaningful changes, says IASB
UK insurers want greater flexibility for IFRS 17 transition
Huw Evans outlines ABI’s initiatives
Analysis
Annual cohorts dominate EU debate on IFRS 17 endorsement
Efrag's preliminary discussions on proposed amendments to IFRS 17 reveal growing support to revise the approach to grouping of insurance contracts. Cintia Cheong reports
"We want clarity and certainty for IFRS 17 implementation"
Patrick Klijnsmit, director of finance, risk & performance management and control at ASR, talks to Cintia Cheong about choosing vendors and contractors, and what he thinks of the proposed changes to the accounting standard
IFRS 17: implementation update
Two years into IFRS 17 preparations, four directors at consultancy Muller Beukes Edvardsen share their thoughts on how far insurers are on the road to implementation
Figuring out profit emergence under IFRS 9 and IFRS 17
Gavin Conn and Steven Morrison examine how the choice of liability discount rate affects the expected profit emergence and earnings volatility under IFRS 9 and IFRS 17
Why South Korea leads the way on IFRS 17
South Korea has pioneered the adoption of the new accounting standard for insurance contracts, as well as coping with preparations for a new capital standard at the same time. Martin Sarjeant explains how
Decoding IFRS 17 from an investment perspective
Efforts by the International Accounting Standards Board (IASB) to clarify the definition of investment components within an insurance contract have been welcomed by some stakeholders. However, others argue a new proposal from the board could spark confusion. Cintia Cheong explains