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IFRS 17: twists and turns in the home straight
Cintia Cheong examines stakeholders' preliminary views of the IASB's redeliberations and previews the final stages of development of the insurance contracts accounting standard
Australia's general insurers suffer 12% profit fall in H1 2019
KPMG also warns climate change is the new normal for the sector
Hong Kong approaches transition to risk-based capital
Hong Kong’s long-awaited risk-based capital (RBC) regime is beginning to take shape ahead of its planned implementation in 2022. Paul Walsh reports on the latest developments
IASB launches consultation on IFRS 17 amendments
Standards board will organise stakeholder events to supplement consultation
"Cut the reserves until they squeal"
Christopher Cundy comments on the lessons that should be learned from the accounting and actuarial scandal at UK-based Equity Red Star’s Syndicate 218
IASB improves IFRS 17 treatment of deferred annuities
Consultation period cut to 90 days; description of mutual insurers remain but with footnote added
SFCRs need to show how capital is generated - analyst
Stress and sensitivity testing also lacks consistency
KPMG fined £6m for insurance audit failings
UK watchdog concludes case of misleading accounts at ERS
Over half of insurers behind target on operational efficiency
KPMG and Acord survey also highlights limited integration of technology platforms
Getting IFRS 17 ready for lift off
Despite the recent efforts by the IASB in proposing several changes to ease the implementation of IFRS 17, the new accounting standard for insurance contracts, some in the industry believe more needs to be done. Cintia Cheong rounds up the latest developments on IFRS 17 and the outstanding issues until its launch