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Transition to the new IFRS Standard for insurance contracts

  • IFRS - IASB Image

Jan 26, 2018

On January 26, 2018, the International Accounting Standards Board (IASB) released a summary of the materials and other support available to national standard-setters and regulators planning for implementation of IFRS 17, "Insurance Contracts".

The materials include:

  • Set the scene:
    • To understand and explain why IFRS 17 was developed
    • To familiarize stakeholders with the scope, timing and requirements of IFRS 17
    • To understand and explain the possible benefits and costs of IFRS 17
    • To understand and explain how IFRS 17 relates to prudential regulation
    • To understand and explain what investors think about IFRS 17
  • Plan for implementation
  • Education
  • Use implementation support provided by the IFRS Foundation

Review the summary of the IASB's website.

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