InsuranceERM is pleased to announce that the 4th annual IFRS 17 Conference this year will be virtual, taking place on 31 March 2022.
With just 12 months to go until IFRS 17 comes into effect, 2021 was a busy one for the roughly 450 firms globally that need to implement the accounting standards. It was a costly one too, with some estimating a $20bn bill in total.
A debate on how IFRS 17 should be applied to annuity contracts is currently raging, and will be a crucial issue for stakeholders to watch out for.
It's against this backdrop that InsuranceERM is organising its IFRS 17 conference - join us to discuss the latest developments, challenges, and opportunities that will come from the implementation of this new standard.
17 November 2021
A public consultation was planned for September 2021, but is now deferred to February 2023
12 November 2021
Predicts implementation costs of £1.2bn for UK insurers
11 November 2021
Risk of increased volatility ahead of IFRS 17 adoption, says insurer
05 November 2021
Accounting standard endorsement body won't challenge established views, says UK peer
13 October 2021
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
29 October 2021
A proposal to offer relief was consulted on earlier this year
"From this event we learned the issue faced at the implementation stage of IFRS 17. This allows us to have a more anticipatory approach to the IFRS 17 regulation instead of reinvent the wheel."
UAE Insurance Authority
"Many key points of the agenda focus on real implementation issues and this is really useful to the discussion."
International Accounting Standards Board
"It was great to see many people from the industry sharing knowledge and technical issues. The power of this conference is to give industry alignment on key issues sparked by the implementation of IFRS 17."
"It's been interesting to get insights from different insurers and service providers around what they are doing when it comes to IFRS 17, and what are the challenges they are facing."
"A great opportunity for regulators, standard setters and actuaries from the insurance industry to get together to share knowledge and ideas useful in delivering IFRS 17."
"A perfect mixed audience."