Insurance contracts transition resource group holds second technical meeting
May 11, 2018
On May 11, 2018, the International Accounting Standards Board (the Board) released the recording of the Transition Resource Group (TRG) for Insurance Contracts' second technical meeting held on May 2, 2018.
The purpose of the TRG is to seek feedback on potential issues related to implementation of IFRS 17, Insurance Contracts. During the meeting, the TRG discussed the following:
- Combination of insurance contracts
- Determining the risk adjustment for non-financial risk in a group of entities
- Cash flows within the contract boundary
- Boundary of reinsurance contracts held with repricing mechanisms
- Determining the quantity of benefits for identifying coverage units
- Implementation challenges outreach report
- Reporting on other questions submitted
A summary on the meeting and audio recordings of each session are available on the TRG meeting page on the International Accounting Standards Board's website.
