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IFRS 17
News
Transparency for life business is big win from IFRS 17, says Allianz CFO
Giulio Terzariol says the change from IFRS 4 is positive
L&G's shareholders' equity will halve on IFRS 17 transition
But CSM and risk adjustment will create £13.5bn stock of future profits
IFRS 17 risk adjustment and confidence level challenges remain
Andries Beukes says interpretation of the accounting standard varies by auditor
Gjensidige CFO: IFRS 17/9 to have little impact on insurance business
CFO says pensions will be impacted, but fundamentals will remain unchanged
NN Group sees IFRS 17 discount rate methodologies aligning
But parameters will differ, says Harm van de Meerendonk
Axa predicts stable shareholders' equity on transition to IFRS 17/9
French insurer's approach to accounting standard aligns with Solvency II
Swiss Re unlikely to hit its ROE target for 2022
The reinsurer blames a rise in nat cat claims, market turbulence and the Ukraine war
Hannover Re takes "best practice" approach to IFRS 17 implementation
German reinsurer adopts general measurement model for entire business
Zurich CFO welcomes "unexpected benefits" of IFRS 17
George Quinn forecasts a smooth transition to the 2023 accountancy standard
Scor CEO: IFRS 17 will force us into improving value explanation
During RVS 2022, Laurent Rousseau warned to expect more volatility in financial metrics
Interpretations Committee to consider tweaks to IFRS 17 for multi-currency contracts
Changes to wording of tentative agenda decision due for approval next week
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Phoenix's IFRS 17 spend hits £47m in H1
Disclosure on impacts expected next year
KPMG: seven ways insurers can prepare for IFRS 17 and IFRS 9
Standards will significantly change financial reporting for underwriters
Analysis
IFRS 17's second-order effects begin to crystalise
The insurance sector is beginning to look beyond the surface and understand what changes the IFRS 17 era will bring to business. Paul Walsh reports
GCC insurers find the positives in IFRS 17 implementation
IFRS 17 compliance is tougher for insurers in emerging markets such as the Gulf Cooperation Council. Despite the challenges, the sector is optimistic about potential benefits, as Joshua Geer reports
LDTI: beneath the headlines
The biggest US insurance accounting change in decades is causing some startling impacts on financial metrics, but the likely effects of LDTI are not troubling many. Sarfraz Thind reports
IFRS 17: still waiting for disclosures
The IFRS 17 accounting standard is due to be implemented in five months' time, but many insurers are leaving it until the eleventh hour to reveal what impact the transition will have on their financial metrics. Christopher Cundy and Paul Walsh report
IFRS IC likely to stand its ground on IFRS 17 annuity decision
Staff at the IFRS Interpretations Committee have backed the original decision on annuity accounting, going against the view of most stakeholders. Cintia Cheong reports
LDTI takes a bite from insurer balance sheets
US insurers have begun disclosing the impact of 2023's new accounting standard, proving beyond doubt it will be one of the biggest shifts in accounting rules in years. Sarfraz Thind reports