IFRS 17

News

Large and small insurers reveal IFRS 17 approaches

InsuranceERM and Insurance Asset Risk to host Asia-Pacific webinar series

InsuranceERM UK & Europe 2021 awards open for entries!

Deadline for submissions is Friday 11 December

Ten steps on how to win an InsuranceERM Award

Deadline for entries is Friday 11 December

Australia begins major review of Lagic capital standard

Capital and reporting standards need alignment before Australia's IFRS 17 takes effect

Australian insurers to disclose IFRS 17 impacts in 2020 reports

Insurers should inform investors about impact of IFRS 17 now, says Asic

Pan-American Life picks Aptitude's IFRS 17 software

Insurer says implementing the solution forms part of broader finance transformation

Actuaries should have statutory role in IFRS 17 accounting, says AAE

Association calls for co-operation with auditors to define statutory framework

Operating profit and combined ratio are priorities for IFRS 17 KPIs

Key performance indicators need to be settled by Q2 2022, says Aviva's Clube

UK's FRC consults on IFRS 9 delay

Consultation runs until 10 November

MUA picks Moody's Analytics for IFRS 17

Moody's Analytics will help the Mauritian insurer with IFRS 17 reporting requirements

Analysis

IFRS 17 confidence level disclosure: ultimate run-off vs one year

Cintia Cheong explores why insurers face a tricky choice between the two different time horizons for the confidence level disclosure of the IFRS 17 risk adjustment

The cloud is a silver lining amid Covid-19

Covid-19 has put to bed any doubts about the use of cloud technology for risk and capital management. The pandemic will also drive more sophisticated risk modelling, as Ronan McCaughey discusses in his review of key trends in the risk software markets

IFRS 17's neglected questions: the risk adjustment and confidence levels

Andries Beukes discusses with Cintia Cheong the findings of an investigation into how insurers are planning to calculate their IFRS 17 risk adjustment and confidence level

IASB issues final version of IFRS 17

The deferral of implementation to 2023 and the reinsurance accounting changes are most welcomed by insurers. Cintia Cheong reports

The key decisions in Samsung Life's journey to IFRS 17 implementation

Samsung Life's Jeong Hyeok Park and Deloitte Korea's Byoung Shin tell Cintia Cheong how the insurer is implementing the new accounting regime and what they make of the recent amendments to the standard

Choosing KPIs for IFRS 17

IFRS 17 is bringing a fundamental change in the accounting of re/insurance contracts for more than a thousand insurance entities around the world. Milena Lacheta and Wijdan Yousuf explain what analysts, rating agencies and auditors are thinking about measuring performance under the new standard