IFRS 17

News

We prefer to keep IFRS 17 annual cohorts in Asia, says Generali

The insurer's IFRS 17/9 programme manager for the Asia Region shares his insights

ESRB highlights discount rates as key risk in IFRS 17

European Systemic Risk Board also warns about EU's carve out

Australian regulator rejects internal models in revised capital framework

Revision prompted by introduction of AASB 17 accounting standard

InsuranceERM UK & Europe 2022 awards - last day for entries!

The deadline for award entries is today

IASB amends IFRS 17 to fix transition mismatches

Change relates to transition only, other requirements are not affected, says IASB

Final version of IFRS 17 expected on 9 December

IASB to amend the standard following concerns over potential mismatches in IFRS 17 and 9 transition

New Zealand insurer picks Legerity for IFRS 17 implementation

Legerity FastPost to support business transformation at Fidelity Life

Allianz CFO: earnings volatility will be higher under new accounting standards

Giulio Terzariol blames IFRS 9 rather than IFRS 17

Insurers late in sharing IFRS 17 performance outlook

EY survey reveals sector lacks consensus on measuring ROE

UK's IFRS 17 endorsement reopens inherited estates debate

Ex-MEP Sharon Bowles says accounting standard should not be approved

UK should stick with IASB's version of IFRS 17, says Aviva's Clube

Any country-specific issues should be addressed by international board

InsuranceERM UK & Europe 2022 awards - entries are open!

The deadline for award entries is Friday 10 December

Canada updates schedule for capital treatment of SFG risk

A public consultation was planned for September 2021, but is now deferred to February 2023

UK tentatively approves IFRS 17

Predicts implementation costs of £1.2bn for UK insurers

IFRS 17 pushes Zurich to change life business assumptions

Risk of increased volatility ahead of IFRS 17 adoption, says insurer

Baroness Bowles questions UKEB over "true and fair" assessment

Accounting standard endorsement body won't challenge established views, says UK peer

Analysis

InsuranceERM's top stories of the year

Christopher Cundy, Ronan McCaughey, Sarfraz Thind and Paul Walsh reveal the most-read stories that ran in 2021 and discuss why they will remain relevant in 2022

IFRS 17: one year to go

Cintia Cheong summarises this year's important developments, and what to expect in the 12 months before the insurance contracts accounting standard comes into effect

UK annuity writers await crucial paper on IFRS 17 profit recognition

Cintia Cheong reports on how insurers and auditors are under pressure to reach a consensus on applying IFRS 17 to annuities - a decision that could seriously impact insurers' balance sheets

Climate risk enables insurance technology to blaze a trail

Acute regulatory, shareholder and consumer pressure on climate change is fuelling increasing demand from insurers for technology to assess the impact of climate risk. Ronan McCaughey explains how insurance software vendors are responding to the challenge

Saudi Arabia embraces IFRS 17 for insurance transformation

IFRS 17 in Saudi Arabia is a story of right time, right place - and the Middle East's largest economy is powering ahead to ensure the standard can transform the country's insurance sector. Ronan McCaughey explains

Insurers struggle to explain LDTI volatility to stakeholders

From communication to interpretation, experts discussed their challenges with implementing the incoming US life insurance accounting standard at last week's webinar. Cintia Cheong reports