Accounting/tax IFRS
News
Aegon UK chooses Legerity for IFRS 17 implementation
Legerity also opens Hong Kong office and hires Asia-Pacific head
Efrag quizzes insurers on IFRS 9 hedge accounting
Questionnaire forms part of IFRS 17 endorsement process
Moody's Analytics adds accounting and reinsurance capabilities to IFRS 17 tool
Enhancements are a result of client feedback
Three quarters of insurers budget IFRS 17 and 9 separately
More than half implement the accounting standards separately
IASB urges insurers not to duplicate governance in IFRS 17
Systems should be as consolidated as possible, says Darrel Scott
IFRS 17 treatment of investment return service likely to attract criticism
IASB answers Efrag's burning questions ahead of consultation
FIS launches Enterprise Accounting System for IFRS 17
Vendor extends Prophet to fill the gap between actuarial and finance systems
IFRS 17 will expose insurers' weak balance sheets in some jurisdictions
But Moody's says IFRS 17 is unlikely to alter its view of insurers' credit ratings
"Cut the reserves until they squeal"
Christopher Cundy comments on the lessons that should be learned from the accounting and actuarial scandal at UK-based Equity Red Star’s Syndicate 218
IASB improves IFRS 17 treatment of deferred annuities
Consultation period cut to 90 days; description of mutual insurers remain but with footnote added
Analysis
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
LDTI: a challenge even for the most well-prepared
The US long-duration targeted improvements (LDTI) accounting change is one of the most complex accounting developments ever to hit the US insurance industry. EY's Evan Bogardus and Chad Runchey tell Sarfraz Thind about the implications of the new standard and - why it is so taxing for insurers
Getting IFRS 17 ready for lift off
Despite the recent efforts by the IASB in proposing several changes to ease the implementation of IFRS 17, the new accounting standard for insurance contracts, some in the industry believe more needs to be done. Cintia Cheong rounds up the latest developments on IFRS 17 and the outstanding issues until its launch
Actuarial recruitment: IFRS 17 delay pauses contractor demand
Insurance actuaries remain in demand for traditional tasks as well as a growing range of non-traditional jobs. But recruitment consultants are still waiting to see an IFRS 17-related surge, as Cintia Cheong reports