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Subscribe nowDespite overall support for adoption of IFRS 17, the UK Endorsement Board has received pushback from some stakeholders over a handful of issues. Cintia Cheong reports on the concerns
Changes were introduced to address potential mismatches in the transition
UKEB endorsement decision likely on 25 March
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
Change relates to transition only, other requirements are not affected, says IASB
IASB to amend the standard following concerns over potential mismatches in IFRS 17 and 9 transition
Any country-specific issues should be addressed by international board
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
Insurance Europe also asks IASB to clarify disclosure requirements
Insurance Europe responds to IASB's five-year plan