IFRS 17

News

Canada eases insurers' requirements amid Covid-19 crisis

Osfi suspends IFRS 17 semi-annual progress reporting and gives guidance to mortgage insurance

Efrag presses IASB to find solution to IFRS 17 annual cohorts

Fix the problem before IFRS 17 is finalised, says Efrag

Video: IASB's Darrel Scott on the next phase of IFRS 17

"We will have certainty as to the final shape of IFRS 17 and it will allow people to move into the final implementation process"

IFRS 17 to take effect in 2023

IFRS 9 for insurers will also be further delayed to avoid mismatches

Efrag frustrated with IFRS 17 annual cohorts decision

EU's accounting advisors plan to write to IASB this week

IASB staff propose 2023 deadline for IFRS 17

One year later than previous recommendation

WTW hints at IFRS 17 effective date, based on February decisions

Willis Towers Watson says redeliberations have resulted in minor changes to the accounting standard

Video: Pusinne Leung (Ageas) on the interaction between IFRS 17 and Solvency II

"There are various areas where we can find an interaction between IFRS 17 and Solvency II, starting with processes, system and data"

South Korea's regulatory change likely to boost insurers' solvency

Co-insurance will also bring opportunities to reinsurers, says AM Best

IASB to impose IFRS 17 annual cohorts on mutualised contracts

Insurers had asked accounting body to amend requirements

Analysis

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

HKFI's Selina Lau: Covid-19 is a golden opportunity to educate the public

Selina Lau's first month as chief executive of the Hong Kong Federation of Insurers has been nothing if not busy. From the coronavirus to the opportunities of the Greater Bay Area initiative, while handling IFRS 17 and forthcoming risk-based capital rules, there is never a dull moment, she tells David Walker

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

Is PAA the IFRS 17 shortcut insurers have been looking for?

Complying with the IFRS 17 insurance contracts accounting standard is hard work, especially for firms writing long-term contracts. Pamela Hellig discusses the potential for the premium allocation approach to relieve the pressure

Chubb's Barney Wanstall: creating the 'end-to-end' IFRS 17 solution

One of the biggest challenges for insurers implementing the IFRS 17 accounting standard is creating a seamless and robust system that takes in all the relevant information and produces the required numbers, as Chubb's head of IFRS 17 implementation in 25 countries explains to Cintia Cheong

IFRS 17 and Solvency II: clashes on discount curve and risk margin come to the fore

InsuranceERM's IFRS 17 conference heard insurers are keen to leverage much of what they have implemented for Solvency II in their IFRS 17 compliance programmes, but are struggling with certain elements. Paul Walsh and Christopher Cundy report