IFRS 17

News

Thai life insurer signs up FIS for IFRS 17

It marks the vendor's second IFRS 17 collaboration with a Thai insurer in the past two months

Taiwan's new death benefits rules will help stabilise insurer profits

Rating agency Moody's says regulatory changes are good news for life insurers

Major accounting changes will dominate insurers' priorities in 2020

The changes include IFRS 17 and IFRS 9, as well as LDTI and CECL changes to US GAAP

Thai insurer chooses FIS to implement IFRS 17

FIS's Prophet helps Ocean Life replace its legacy actuarial software

Insurers seek multiple vendor solutions for IFRS 17

PwC's Richard Hart queries whether there is a solution to cover all bases

IASB reforms IFRS 17 treatment of reinsurance after industry complaints

Board members agree unanimously on change of scope following consultation feedback

US insurers in better place to meet LDTI

Deadline extension has helped but work required to meet daunting change, Deloitte says

Willis Towers Watson rolls out IFRS 17 software

ResQ Financial Reporter aims to help P&C insurers implement the new insurance accounting standard

Analysis

IFRS 17: twists and turns in the home straight

Cintia Cheong examines stakeholders' preliminary views of the IASB's redeliberations and previews the final stages of development of the insurance contracts accounting standard

The devil in the IFRS 17 detail of reinsurance indexation clauses

The wording used in reinsurance contracts could lead to a bumpy transition from IFRS 4 to IFRS 17. Vasilka Bangeova explains how one contract clause - indexation - might trip re/insurers up

Talanx RoE will be lower under IFRS 17 and 9, CFO warns

Understanding the impact of IFRS 9 and 17 is a key focus for insurers currently. German insurance group Talanx has shed light on the issue by warning its return on equity will be lower under IFRS 9 and 17. Cintia Cheong explains

The dual challenge of implementing IFRS 17 and IFRS 9

Insurers across the world whose accounting practices are based on IFRS principles are busy preparing for the most radical shakeup for a generation. Cintia Cheong explains the basics behind those changes and how the industry is preparing

IFRS 17: what insurers dislike from the final consultation

The treatment of reinsurance accounting under IFRS 17 appears to be the most consistent complaint from re/insurers, but deciding when the standard should take effect continues to generate disagreements among stakeholders. Cintia Cheong reports

The technology trends in risk and capital management

As re/insurers look to implement IFRS 17, manage cyber risk and drive modelling efficiencies, software vendors are gearing up to respond. Cloud and process automation solutions also figure highly in this year's InsuranceERM Technology Guide, introduced by Ronan McCaughey