Accounting/tax IFRS
News
UK's FRC consults on IFRS 9 delay
Consultation runs until 10 November
3Blocks launches IFRS 17 machine learning software
Tool offers flexibility to arrange data by different levels of granularity
Non-life insurers describe key IFRS 17 challenges in free report from InsuranceERM
Insurers, supervisors and consultants discuss interpretation and implementation of the accounting standard
FASB agrees to delay LDTI by one year
Consultation received overwhelming support for deferral
Canadian regulator sets expectations on IFRS 17 and 9 implementation
Osfi also updates timeframe for revisions to insurers' capital tests
Efrag consults on IFRS 17 annual cohorts for mutualised contracts
Europe's accounting advisors publish draft endorsement advice
LDTI to increase earnings volatility for insurers
Experts highlight the need for stakeholder education about the accounting standard
Get the inside track on LDTI
It will be examined at the Insurance Risk & Capital Americas virtual conference on 22 September.
UK sets stage for endorsing IFRS 17
Accounting standards board appoints ex-PwC partner Pauline Wallace as chair
Efrag likely to give IFRS 17 final endorsement advice by March
Draft advice due to be issued next month
Analysis
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
IASB issues final version of IFRS 17
The deferral of implementation to 2023 and the reinsurance accounting changes are most welcomed by insurers. Cintia Cheong reports
The key decisions in Samsung Life's journey to IFRS 17 implementation
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Samsung Life's Jeong Hyeok Park and Deloitte Korea's Byoung Shin tell Cintia Cheong how the insurer is implementing the new accounting regime and what they make of the recent amendments to the standard
Choosing KPIs for IFRS 17
IFRS 17 is bringing a fundamental change in the accounting of re/insurance contracts for more than a thousand insurance entities around the world. Milena Lacheta and Wijdan Yousuf explain what analysts, rating agencies and auditors are thinking about measuring performance under the new standard
Actuarial recruitment: a pause for the pandemic
Cintia Cheong reports on the how the actuarial job market in the UK is faring amid the coronavirus pandemic, the IR35 tax changes and the implementation of IFRS 17
IFRS 17 in the UAE: the real issue is lack of expertise
Oscar Kitasoboka, chief actuary at the UAE Insurance Authority, talks to Cintia Cheong about the IFRS 17 challenges facing the country's insurers in comparison to other regions