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