Accounting/tax IFRS
News
Moody's Analytics secures BNP Paribas Cardif partnership for IFRS 17
The French insurer will use RiskIntegrity
Thai insurer chooses FIS to implement IFRS 17
FIS's Prophet helps Ocean Life replace its legacy actuarial software
Insurers seek multiple vendor solutions for IFRS 17
PwC's Richard Hart queries whether there is a solution to cover all bases
IASB reforms IFRS 17 treatment of reinsurance after industry complaints
Board members agree unanimously on change of scope following consultation feedback
US insurers in better place to meet LDTI
Deadline extension has helped but work required to meet daunting change, Deloitte says
Swiss Re to adopt IFRS consolidated reporting from 2024
The reinsurer also praised the fact that IFRS 17 will deliver comparability
Hong Kong insurers urge delay in IFRS 17 to 2023
Hong Kong Federation of Insurers reveals it wrote to accounting body
IFRS 17 delay on the table in IASB discussion plan
But removal of comparative information is unlikely
Auditors "probably the biggest risk" in IFRS 17 implementation
Experts warn of consequences of not engaging with stakeholders early
PwC launches IFRS 17 In A Box software
Aim to help SME insurers achieve compliance without major transformation
Analysis
IFRS 17: twists and turns in the home straight
Cintia Cheong examines stakeholders' preliminary views of the IASB's redeliberations and previews the final stages of development of the insurance contracts accounting standard
The devil in the IFRS 17 detail of reinsurance indexation clauses
The wording used in reinsurance contracts could lead to a bumpy transition from IFRS 4 to IFRS 17. Vasilka Bangeova explains how one contract clause - indexation - might trip re/insurers up
Talanx RoE will be lower under IFRS 17 and 9, CFO warns
Understanding the impact of IFRS 9 and 17 is a key focus for insurers currently. German insurance group Talanx has shed light on the issue by warning its return on equity will be lower under IFRS 9 and 17. Cintia Cheong explains
The dual challenge of implementing IFRS 17 and IFRS 9
Insurers across the world whose accounting practices are based on IFRS principles are busy preparing for the most radical shakeup for a generation. Cintia Cheong explains the basics behind those changes and how the industry is preparing
IFRS 17: what insurers dislike from the final consultation
The treatment of reinsurance accounting under IFRS 17 appears to be the most consistent complaint from re/insurers, but deciding when the standard should take effect continues to generate disagreements among stakeholders. Cintia Cheong reports
What's on the horizon for Bermuda's re/insurance market
Deloitte’s Gokul Sudarsana talks to Christopher Cundy about his thoughts on some of the trends and challenges that face Bermuda's insurance market