Possible delay of IFRS 17?

Possible delay of IFRS 17? Recently voices have been raised in this regards. As a result Insurance Europe, the European insurance and reinsurance federation, has called for the new IFRS 17 standard to be reopened. And that the implementation of IFRS 17 is delayed by two years. The reason would be to address several underlying issues and allow time for companies to prepare. It said that the additional time would allow…

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IFRS 17 – Insurance Contracts

Introduction IFRS 17 is fast approaching. Let's be ready. As a background IFRS 17 is replacing IFRS 4 on insurance contracts. The project has lived for some 20 years already. Find out what's it all about and how it will impact the insurance business. The practise around the standard will still have to evolve once it is adopted. That phase is usually driven by the key players in the market…

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IFRS 17 – Feedback statement

Core measurement approach "The Board confirmed the core measurement approach proposed in the 2010 and 2013 Exposure Drafts and took a number of steps to address the feedback on the determination of the inputs for the measurement of insurance contracts. The following pages include further information about the steps taken by the Board. The Board also developed a simplified approach to measure some simpler insurance contracts (see 5.3—Premium allocation approach)."…

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