Insurance Contracts - IASB
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.