{"id":431,"date":"2017-06-30T17:57:25","date_gmt":"2017-06-30T09:57:25","guid":{"rendered":"https:\/\/insurance.vincent-chen.com\/en\/?p=431"},"modified":"2021-06-27T17:58:31","modified_gmt":"2021-06-27T09:58:31","slug":"pwc-ifrs-17-marks-a-new-epoch-for-insurance-contract-accounting","status":"publish","type":"post","link":"https:\/\/insurance.vincent-chen.com\/en\/pwc-ifrs-17-marks-a-new-epoch-for-insurance-contract-accounting\/","title":{"rendered":"PwC: IFRS 17 marks a new epoch for insurance contract accounting"},"content":{"rendered":"<p>PwC | June 30, 2017<\/p>\n<p>In May 2017, the International Accounting Standards Board (IASB) issued IFRS 17, \u2018Insurance Contracts\u2019, and thereby started a new epoch of accounting for insurers. Whereas the current standard, IFRS 4, allows insurers to use their local GAAP, IFRS 17 defines clear and consistent rules that will significantly increase the comparability of financial statements. For insurers, the transition to IFRS 17 will have an impact on financial statements and on key performance indicators.<!--more--><\/p>\n<p><a href=\"\/file\/ifrs\/ifrs-17-insurance-contract-accounting.pdf\" target=_blank\"><img decoding=\"async\" src=\"\/images\/icon\/pdf.gif\" border=\"0\"> IFRS 17 marks a new epoch for insurance contract accounting<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PwC | June 30, 2017 In May 2017, the International Accounting Standards Board (IASB) issued IFRS 17, \u2018Insurance Contracts\u2019, and thereby started a new epoch of accounting for insurers. Whereas the current standard, IFRS 4, allows insurers to use their local GAAP, IFRS 17 defines clear and consistent rules that will significantly increase the comparability&hellip;&nbsp;<a href=\"https:\/\/insurance.vincent-chen.com\/en\/pwc-ifrs-17-marks-a-new-epoch-for-insurance-contract-accounting\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">PwC: IFRS 17 marks a new epoch for insurance contract accounting<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,17,19],"tags":[],"class_list":["post-431","post","type-post","status-publish","format-standard","hentry","category-ifrs17","category-ifrs17-resource","category-ifrs17-big4"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/comments?post=431"}],"version-history":[{"count":1,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/431\/revisions"}],"predecessor-version":[{"id":432,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/posts\/431\/revisions\/432"}],"wp:attachment":[{"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/media?parent=431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/categories?post=431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurance.vincent-chen.com\/en\/wp-json\/wp\/v2\/tags?post=431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}