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
EY | September 29, 2016
On 12 September 2016, the International Accounting Standards Board (IASB or the Board) issued Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) (the amendments). The amendments change the existing IFRS 4 Insurance contracts (IFRS 4) to allow entities issuing insurance contracts within the scope of IFRS 4 to mitigate certain effects of applying IFRS 9 Financial Instruments before the IASB’s new insurance contracts standard (referred to as IFRS 17 Insurance Contracts) becomes effective. The amendments help to resolve issues arising from the different effective dates for IFRS 9 (1 January 2018) and IFRS 17 (still to be decided, but not before 1 January 2020).Read More »EY: IASB issues amendments to IFRS 4 to address the different effective dates of IFRS 9 and IFRS 17
By Fanny Liu, Dow Jones Newswires | September 15, 2011
TAIPEI (Dow Jones)–The Financial Supervisory Commission said Thursday it is still reviewing Chinatrust Financial Holding Co.’s (2891.TW) planned US$180 million acquisition of MetLife Inc.’s (MET) Taiwan life insurance unit, after the application was submitted five months ago.Read More »Taiwan Regulator: Still Reviewing Chinatrust’s Plan To Acquire Metlife Taiwan
KPMG International’s newest thought leadership for insurance, The New World for Insurance: Business perspectives on Phase II, is based on discussions with key global insurance companies about the business issues for the insurance industry in transitioning to Phase II of the effort to move to a global insurance accounting standard. Phase II began with issuance of the latest IASB Exposure Draft and FASB Discussion Paper which were the products of joint deliberations by the Boards. All insurers are likely to be affected, whether they are transitioning to IFRS for the first time, adopting a new IFRS insurance standard, or potentially adopting revisions to US GAAP.
Read More »The New World for Insurance: Business perspectives on Phase II
In the world of insurance regulation, pressure continues to mount for the United States to adopt global standards. As worldwide networks continue to grow and expand, cross-border transactions have increasingly become the standard for doing business. Even insurers who do all of their businesses in the U.S. are not immune as calls arise for modernization and harmonization of insurance regulations and standards across borders.Read More »Deloitte: Solvency II from a U.S. Perspective