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AcSB Insurance Transition Resource Group Meeting Notes – April 25, 2018

  • IFRS - AcSB Image

May 24, 2018

On May 24, 2018, the Accounting Standards Board (AcSB) released a summary of its Insurance Transition Resource Group meeting held on April 25, 2018.

The topics discussed at this meeting include:

  • Contract boundary for premium allocation approach
  • Reinsurance contract boundary
  • Educational materials
  • Boundary of reinsurance contracts held with repricing mechanisms
  • Combination of insurance contracts
  • Determining the risk adjustment for non-financial risk in a group of entities
  • Cash flows within the contract boundary
  • Determining the quantity of benefits for identifying coverage units
  • Implementation -challenges outreach report
  • Reporting on other questions submitted to the IASB Transition Resource Group for IFRS 17

Review the summary on the AcSB's website.

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