Documents and articles about IFRS 17
Milliman | June 19, 2017
The transition to IFRS 17 involves significant changes in the measurement and presentation of insurance contract liabilities. This paper discusses the possible approaches to transition and the main challenges that (re)insurers will face during the transition to IFRS 17. Careful steps are needed to be well-prepared for this important accounting policy change.Read More »Milliman: Transition to IFRS 17
EY | June 16, 2017
Ernst & Young gave an IFRS 17 webcast on 13 June 2017. During the webcast Conor Geraghty, Practice Fellow at the IASB, and experienced EY specialists shared the basic principles of the new standard and explained the key differences with the old standard, including the significant impacts on presentation and disclosures in the new financial statements, plus potential implications for reporting metrics and business value drivers. The webcast also explored some of the key implementation challenges and opportunities for Asia-Pacific insurers.Read More »APAC IFRS 17 webcast – Implementation challenges and opportunities for insurers in Asia-Pacific
The Actuary | June 5, 2017
The new accounting standard for insurance contracts, IFRS 17, will have wide-ranging implications for (re)insurers, and many firms are preparing for significant changes to their business operationsRead More »General insurance: The wide-ranging implications of IFRS 17
Milliman | June 1, 2017
On 18 May 2017 the International Accounting Standards Board (IASB) published its new standard on accounting for insurance contracts: IFRS 17. The Standard will apply for accounting periods starting on or after 1 January 2021, but prior year comparative figures will be required.Read More »Milliman: Publication of IFRS 17 Insurance Contracts Standard
EY | May 31, 2017
The IASB has issued IFRS 17 Insurance Contracts, which will be effective for annual reporting periods beginning on or after 1 January 2021.Read More »EY: IASB issues new insurance accounting standard
KPMG | May 29, 2017
The new insurance contracts standard – IFRS 17 – brings fundamental changes to international insurance accounting.Read More »KPMG: IFRS 17 Insurance Contracts – a new perspective on insurance accounting
IASB | May 18, 2017
IASB provides a webinar to introduce IFRS 17 – Insurance Contracts.Read More »Introducing IFRS 17 Insurance Contracts
Insurance ERM | May 18, 2017
IFRS 17 has been described as a “landmark shift” in insurer accounting and some are saying that implementation could require more work than was needed for Solvency II. InsuranceERM gets the lowdown from the industry on what it means for the sectorRead More »IFRS 17 compliance: a task comparable with Solvency II?
Implementation of International Financial Reporting Standard (IFRS) 17 Insurance Contracts, (formerly known as IFRS 4 Phase II) in Korea will challenge life insurers’ capitalization by… Read More »Moody’s: IFRS 17 Will Reduce Reported Capitalization, But Drive Structural Improvements
Insurance ERM | December 16, 2016
Martin Sarjeant explains how the new insurance contract accounting standard (IFRS 17) will involve changes to production of actuarial and financial information on a scale comparable with Solvency IIRead More »FIS: Rising to the IFRS 17 challenge