IFRS 17

News

VIG's IFRS 17/9 investment nears €100m

CFRO Liane Hirner stressed VIG's strategy, risk appetite and business model would be unaffected

Prudential's IFRS 17 and restructuring costs hit $294m in 2022

The insurer said it will provide an update on the accounting standard's impact in June

AIA flags "significantly higher" net earnings under IFRS 9 and 17

How hedging derivatives are treated largely the reason for CFO's prediction

GCC insurers face solvency squeeze, warns S&P

Risks for the region's insurers include reserving, regulation and reinsurance capacity

Scor stands by nat cat capacity despite heavy losses in 2022

Natural catastrophes contributed to an annual net loss of €301m

Ten steps to help win an InsuranceERM Award

Lloyds takes £1.3bn charge for IFRS 17 contract boundary change

Additional feature included in workplace pension policies to blame

IFRS 17 conference speakers announced

The InsuranceERM conference will be held on 29 March at Grocers' Hall in London

Big three Canadian life firms predict capital ratio uplift on IFRS 17 transition

Regulator had set goal for capital change to be neutral across the sector

Discounting reserves under IFRS 17 is "dangerous", Fairfax chief warns

Prem Watsa says Canadian group will manage business on undiscounted basis

Zurich hits solvency high, analyst asks "what will you do with all this money?"

Share buyback is under way, growth is the goal

IFRS 17/9 will improve transparency but create initial confusion, says Mapfre CFO

Chief executive Antonio Huertas comments on Turkey and Syria earthquake

Investors "flying blind" on earnings during IFRS 17 transition, says Berenberg

Bridge from IFRS 4 to IFRS 17 on 2023 earning missing until later this year

Saudi Arabia formally adopts IFRS 17

Just's shareholders' equity halves on IFRS 17 transition

UK life firm plans to include CSM in "adjusted shareholder equity" metric

RGA updates equity impact from adopting LDTI

Early US flu season hits the reinsurer's Q4 claims

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Analysis

Judges' award for contribution to the industry: David Otudeko

Winner of the 2023 InsuranceERM UK & Europe judges' award, David Otudeko, talks to Christopher Cundy about his rollercoaster year

Finding a consensus on IFRS 17 leverage ratios

Some signs of agreement on how financial leverage will be presented under the new insurance contracts accounting standard are emerging, but options remain open, as Christopher Cundy reports

InsuranceERM's top stories of 2022

Christopher Cundy, Ronan McCaughey, Sarfraz Thind, Paul Walsh and Joshua Geer review the key developments that shaped the insurance market in 2022 - and share their outlooks for 2023

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

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