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IASB reforms IFRS 17 treatment of reinsurance after industry complaints
Board members agree unanimously on change of scope following consultation feedback
Swiss Re to adopt IFRS consolidated reporting from 2024
The reinsurer also praised the fact that IFRS 17 will deliver comparability
The dual challenge of implementing IFRS 17 and IFRS 9
Insurers across the world whose accounting practices are based on IFRS principles are busy preparing for the most radical shakeup for a generation. Cintia Cheong explains the basics behind those changes and how the industry is preparing
IASB confirms plans to discuss criticisms of IFRS 17 and 9
Discussion on implementation date and annual cohorts among topics to be redeliberated
IFRS 17 delay on the table in IASB discussion plan
But removal of comparative information is unlikely
IFRS 17: what insurers dislike from the final consultation
The treatment of reinsurance accounting under IFRS 17 appears to be the most consistent complaint from re/insurers, but deciding when the standard should take effect continues to generate disagreements among stakeholders. Cintia Cheong reports
Efrag to resume IFRS 17 endorsement process
EU's accounting advisor revokes previous decision to wait until standard is finalised
IFRS 17: on the verge of another delay?
Important EU stakeholders are calling for the insurance contracts accounting standard to be delayed once more. Cintia Cheong reports
Removing IFRS 17 annual cohorts would lose credibility, says AM Best
Rating agency comments on IFRS 17 consultation
Spelling out concerns with IFRS 17 reinsurance accounting
The IASB has revised the insurance contracts accounting standard to minimise mismatches in reinsurance accounting. This may be good news for primary firms and reinsurers, but other challenges remain, as Cintia Cheong reports