IFRS 17

News

Canada considers revising insurance capital guidance for IFRS 17

Regulator will also consult on IFRS 17 accounting policy choices this autumn

Get your free entry in InsuranceERM's 2019-2020 Technology Guide

Basic entry is free of charge and the deadline for entries is Thursday 15 August

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