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Insurance Contracts - IASB

Date recorded:

At its meeting on November 16, 2016 the IASB discussed issues that arose during the external testing and drafting of the forthcoming insurance contracts Standard. The Board discussed and tentatively made decisions on the following: (i) level of aggregation; (ii) experience adjustments; (iii) transition issues; (iv) risk mitigation; (v) other sweep issues; and (vi) mandatory effective date of IFRS 17.

IFRS 17 is expected to be issued in the first half of 2017.

Review the IASB Update on the IASB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.