IFRS 17

News

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Hong Kong digital insurer picks Moody's Analytics for IFRS 17 transformation

Moody's Analytics has regional expertise and scalable technology, says Blue CEO

EU carve out for IFRS 17 a "distinct possibility", says IASB chair

Hans Hoogervorst's farewell speech urges transparency over use of carve out

IFRS 17 implementation to cost up to $20bn globally

WTW's survey reveals insurers are doubtful of reporting benefits

Insurers urged to interact with subsidiaries for IFRS 17

Some insurers centralise implementation to save costs, says PwC's Alwin Swales

IASB says amendment is needed to fix IFRS 17/9 mismatches

Board members asked to provide preliminary comments

Filipino insurer collaborates further with FIS for IFRS 17

It will help Insular Life handle the higher volumes of more detailed data for IFRS 17 reporting

UK sets date for finalising IFRS 17 endorsement

Endorsement Board says it will engage with stakeholders to avoid last-minute surprises

Mauritian insurer chooses Legerity's IFRS 17 solution

Swan describes FastPost as the "most complete and flexible" solution

Analysis

"LDTI will drive income volatility"

Cintia Cheong talks to experts about why reforms to US insurance accounting standards will cause income volatility and whether adopting the standard early can bring any benefits

How much is IFRS 17 costing the insurance industry?

Insurers are 19 months away from having to implement the new contract accounting standard and it is already costing them more than anticipated. Cintia Cheong finds out why

Reinsurance could potentially offer IFRS 17 profit mutualisation

Alexandre Tzenev, managing director for financial solutions EMEA at Scor, tells Cintia Cheong how reinsurance can offset the impact of onerous contracts under IFRS 17

Country profile: Portugal

Cintia Cheong reveals how Covid-19 has affected the Portuguese insurance sector and the prospects for M&A, as well as examining the potential impacts of Solvency II reform and progress with IFRS 17 implementation

IFRS 17 implementation: you have to question yourself over and over again

Daphné De Leval, vice chair of the Insurance Committee of the Actuarial Association of Europe, tells Cintia Cheong about the challenges of IFRS 17 implementation and how the experience of Solvency II helps

EU and UK endorsement: the final hurdle

Cintia Cheong charts the endorsement of the IFRS 17 insurance contracts accounting standard in 2020 and explains what happens next