IFRS 17
News
Canada considers revising insurance capital guidance for IFRS 17
Regulator will also consult on IFRS 17 accounting policy choices this autumn
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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
Analysis
Implementing IFRS 17 discount curves: theoretical and practical challenges
Insurers will have to develop their own assumptions around discount rates under IFRS 17, which will re-open some old debates around incorporating the illiquidity premium. Steven Morrison explains.
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
Questioning the value of IFRS 17
Irish insurance chief risk officers have expressed scepticism about the benefits of IFRS 17 and fear the principles-based nature of the insurance accounting standard will hamper consistency. Ronan McCaughey explains
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
Ireland's insurers zero in on operational resilience
Operational resilience is fast becoming the watchword for Ireland's re/insurance market and the country's insurance regulator. Ronan McCaughey explains