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Accounting/tax IFRS
News
European insurers back carve out for IFRS 17
Insurance Europe reacts to ARC vote to endorse standard with optional carve out
UK should produce guidance for IFRS 17 CSM allocation
UK Endorsement Board encourages insurance industry to collaborate
Canadian actuaries to use Fiera Capital for IFRS 17 discount rates
CIA expands partnership with asset manager that also produces discount rate curves for pensions
Moody's Analytics expands IFRS 17 service to Caribbean
Vendor is also collaborating with South African insurers
EU tables IFRS 17 carve out for annual cohorts - UPDATED
European Commission's first stage of endorsement is completed
Shareholders' association slams UK's IFRS 17 discount rate paper
UK Endorsement Board due to debate topic on 20 July
UK Endorsement Board nails down IFRS 17 critical issues
Final endorsement in the UK expected on 18 February 2022
Portugal to consult on IFRS 17 reporting templates in 2021
Regulator updates accounting standard's implementation timeline
European and Asian insurers likely to benefit from IFRS 17/9 rule change
Deloitte's Francesco Nagari says proposal would help explain transition to investors
Hastings chooses Legerity for IFRS 17 implementation
The tool will be used as part of Hastings's wider transformation programme
Analysis
Insurers struggle to explain LDTI volatility to stakeholders
From communication to interpretation, experts discussed their challenges with implementing the incoming US life insurance accounting standard at last week's webinar. Cintia Cheong reports
"LDTI will drive income volatility"
Cintia Cheong talks to experts about why reforms to US insurance accounting standards will cause income volatility and whether adopting the standard early can bring any benefits
How much is IFRS 17 costing the insurance industry?
Insurers are 19 months away from having to implement the new contract accounting standard and it is already costing them more than anticipated. Cintia Cheong finds out why
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