Accounting/tax IFRS
News
Reinsurance structures under threat from IFRS 17 accounting change
Challenges remain from non-proportional contracts and different measurement models, assumptions, aggregations and coverage units
IFRS 17 could push life products out of the market
Colin Dutkiewicz warns of the potential implications of the new accounting standard
IASB supports changing IFRS 17 scope and transitional arrangements
Board members overwhelmingly agree with staff recommendations
Two-thirds of insurers struggling with IFRS 17 data challenge
Legerity survey finds IFRS 17 deadline extension does not slow down firms making technology choices
IASB to amend IFRS 17 on reinsurance, acquisition costs and investment service elements
Board members overwhelmingly support staff recommendations
Philippines delays IFRS 17 effective date to 2023
Global actuaries consult on IFRS 17 learning material
Canadian insurer picks Moody's Analytics to implement IFRS 17
PRA should oversee UK actuarial profession
Danish regulator demands valuation insights from life insurers
RSA Insurance Ireland fined €3.5m for regulatory breaches
Belgian insurer uses Moody's Analytics for IFRS 17
Analysis
"IFRS 17 is the most cross-function project we've ever had"
Erich Kruschitz, head of group finance of Uniqa, tells Cintia Cheong about the challenges the company faces with the implementation of IFRS 17 and 9 accounting standards
How to sell an IFRS 17 lemon
Andries Beukes and Pamela Hellig explains why a fair value loss component is improbable but not impossible under IFRS 17
US life firms under pressure from accounting overhaul
It has been billed as the biggest change in US accounting rules for decades. But reportage of the new US GAAP LDTI standard remains sparse. Since coming into effect in August, with an implementation deadline of 2021, companies have been scrambling to assess the impact. Sarfraz Thind reports
Profit emergence under IFRS 17: The Variable Fee Approach
Steven Morrison continues his series on profit emergence under IFRS 17 by considering financial risk and its impact on contracts with participation features – with a focus on the differences between the VFA and general measurement model, and the impact of risk mitigation
Candace Woods: engineering financial wellness
Prudential Financial's chief actuary talks to Christopher Cundy about her role in improving diversity, reforming its actuarial team and the regulatory challenges facing the insurer.
IFRS 17: A delay in the balance
Arguments are raging about whether implementation of the new insurance contracts accounting standard should be delayed. Cintia Cheong wraps up the latest developments in the long-running saga