Osfi suspends IFRS 17 semi-annual progress reporting and gives guidance to mortgage insurance
Fix the problem before IFRS 17 is finalised, says Efrag
"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 9 for insurers will also be further delayed to avoid mismatches
EU's accounting advisors plan to write to IASB this week
One year later than previous recommendation
Willis Towers Watson says redeliberations have resulted in minor changes to the accounting standard
"There are various areas where we can find an interaction between IFRS 17 and Solvency II, starting with processes, system and data"
Co-insurance will also bring opportunities to reinsurers, says AM Best
Insurers had asked accounting body to amend requirements
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
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
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
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
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
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