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