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