Transition to the new IFRS Standard for insurance contracts
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.
