Chris Seekings | The Actuary | July 31, 2018
Insurers face a significant challenge ensuring they do not introduce “artificial noise” or volatility into their financial reporting under the incoming accounting standard IFRS 17.Read More »Insurers warn of ‘volatile’ financial reporting arising from IFRS 17
EY | July 31, 2018
EY released a new EY IFRS 17 publication 
IFRS 17 – How the insurance industry is assessing and adopting the standard. This 90-page paper is compiled by EY Germany and contains essays on IFRS 17 contributed by European insurance companies including Allianz, AXA, Generali, Munich Re, and Talanx. They shared their insights on their own implementation journeys, which was supplemented by articles from EY with a consultancy’s perspective.Read More »IFRS 17 — How the insurance industry is assessing and adopting the standard
By Yoon Young-sil | Business Korea | July 6, 2018
Will South Korea’s financial regulator introduce the International Financial Reporting Standards (IFRS 17) and the Korean Insurance Capital Standard (K-ICS) to the domestic insurance industry at the same time in 2021? Industry watchers say a subtle change has been detected in the regulator’s stance on the matter.Read More »Will S. Korean Gov’t Phase in IFRS17 and K-ICS in Insurance Industry?
EY | July 2, 2018
IFRS 17 Insurance Contracts (IFRS 17 or the standard) represents a fundamental change to accounting practice for most entities issuing insurance contracts and is expected to require significant implementation effort.Read More »IASB proposes narrow-scope amendments to IFRS 17 Insurance Contracts
Darryl Wagner and Hui Shan | SOA | June 30, 2018
This article introduces where the IFRS17 General Measurement Model differs from US GAAP conceptually, and key aspects of this paradigm shift from an actuary’s perspective.Read More »IFRS 17 – A Paradigm Shift for U.S. Actuaries
EY | May 11, 2018
IFRS 17 Insurance Contracts (IFRS 17 or the standard) represents a fundamental change to accounting practice for most entities issuing insurance contracts and is expected to require significant implementation effort.Read More »EY: Second technical discussion of the IASB’s IFRS 17 Transition Resource Group (TRG)
Chris Seekings | The Actuary | May 9, 2018
The overwhelming majority of UK insurers believe the incoming reporting standard IFRS 17 will be more costly than the Solvency II directive, new research has found.Read More »IFRS 17 to be more costly than Solvency II
Deloitte | May 9, 2018
During the meeting, which was held on 2 May, the TRG discussed six key papers relating to:Read More »Deloitte: A Summary of May’s IFRS 17 TRG Meeting
EY | May 4, 2018
IFRS 17 is the IASB’s new insurance contracts standard. EY shares the detailed explanations about IFRS 17. Click here to read the document.Read More »Applying IFRS 17 – A closer look at the new Insurance Contracts standard
By Asia Asset Management | March 2, 2018
German insurer Allianz Group (Allianz) says it has received regulatory approval to sell part of the life insurance portfolio of its Taiwanese subsidiary, Allianz Taiwan Life (AZTL), to China Life Insurance Company (China Life).
Read More »Allianz gets regulatory nod to sell part of Taiwan unit’s business to China Life