The International Accounting Standards Board (IASB) has approved six changes to IFRS 17 following widespread pressure from the insurance industry.
By CHRIS SEEKINGS | December 16, 2019 | The Actuary
The changes, originally proposed in an exposure draft earlier this year, include deferring some acquisition costs for renewal business.
By Ryan Smith 13 Dec 2019 | Insurance Business
The International Accounting Standards Board (IASB) met Wednesday to deliberate some of the IFRS 17 changes proposed in the Exposure Draft (ED) based on stakeholder feedback. The IASB decided to defer discussions on the effective date of IFRS 17 until the extent and complexity of all amendments had been determined, expected at the end of February, according to a Willis Towers Watson report.
Read More »Proposed IFRS 17 changes focus on reinsurance contracts
By Tinashe Mashoko | December 10, 2019 | Zimbabwe Independent
Something big is happening in the world of insurance company reporting. International Financial Reporting Standard (IFRS) 17 is a complex new reporting standard that has been in the making for the last 20 years. The standard is an overhaul of the current IFRS 4 and comes into effect in two years’ time.
Read More »IFRS 17 providing value to insurance stakeholders
By Gabriel Olano | December 4, 2019 | Insurance Business
The Hong Kong Federation of Insurers (HKFI) has requested a two-year delay in the implementation of IFRS 17, to give its members more time to adapt to the global accounting standards regarding the reporting of accounts.
Read More »Hong Kong Federation of Insurers urges postponement of IFRS 17
By Chaeyon Kim and Hugh YH Jeong | Deember 3, 2019 | Korean Investors
Prudential Financial Inc. has put its South Korean life insurance arm on the market, as the US insurance giant is seeking to shed part of overseas assets ahead of the 2022 implementation of US life insurance accounting reforms.
Read More »Prudential seeks to sell Korean insurance arm in estimated $2 bn deal