Cintia Cheong examines stakeholders' preliminary views of the IASB's redeliberations and previews the final stages of development of the insurance contracts accounting standard
KPMG also warns climate change is the new normal for the sector
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
Standards board will organise stakeholder events to supplement consultation
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
Consultation period cut to 90 days; description of mutual insurers remain but with footnote added
Stress and sensitivity testing also lacks consistency
UK watchdog concludes case of misleading accounts at ERS
KPMG and Acord survey also highlights limited integration of technology platforms
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