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IFRS Insurance Webcast

When Jan 31, 2019
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Timezone UTC - 5
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Join us on Thursday, January 31, for our next live webcast summarizing the IASB's continuing discussions regarding concerns and implementation challenges raised surrounding the requirements in IFRS 17.

During its monthly meeting on January 23, the IASB considered four of the 25 issues originally identified during its meeting in October 2018:

  • Insurance acquisition cash flows for renewals outside the contract boundary;
  • Reinsurance contracts held: initial recognition when underlying insurance contracts are onerous;
  • Reinsurance contracts held: eligibility as hedging instruments for risks arising from contracts under the variable fee approach; and
  • Contractual service margin: coverage units in the general model.

The IASB Staff recommended to amend IFRS 17 in all cases and the Board has tentatively agreed.

On Thursday, January 31, Francesco Nagari, Deloitte's Global IFRS Insurance Leader and a member of the IFRS 17 TRG, will summarize the Board's discussion and decisions regarding the IASB Staff's recommendations on amendments to IFRS 17. At the end of the webcast, participants are invited to join in a live Q&A session.

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