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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
Consultation on IFRS 17 changes given green light
Proposed amendments as a whole meet IASB criteria for changes
European insurance CFOs reveal top concerns
Few CFOs cite IFRS 17 as a major concern
Actuarial recruitment: IFRS 17 delay pauses contractor demand
Insurance actuaries remain in demand for traditional tasks as well as a growing range of non-traditional jobs. But recruitment consultants are still waiting to see an IFRS 17-related surge, as Cintia Cheong reports
Europe's IFRS 17 advisor appoints new chiefs
Chiara Del Prete and Saskia Slomp replace Andrew Watchman from April
IASB will not change IFRS 17 aggregation requirements
But amendments for credit card contracts and risk mitigation option approved
UK consults on oversight of actuarial profession
Plans to abolish FRC put forward following Kingman review
Bermuda defends jurisdiction after EU blacklisting
EU judges island’s tax regime as potentially unfair and abusive
IFRS 17 Conference: what have we learned?
The upcoming accounting standard for insurance contracts poses several challenges to the industry ranging from skills shortages to stakeholder engagement. On 27 February, experts convened at InsuranceERM's IFRS 17 Conference in London to discuss their approach to successful implementation. Cintia Cheong summarises the findings
SSQ creates more than 200 roles for IFRS 17 implementation
Canadian mutual enters “production phase” of preparation