This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

AcSB Insurance Transition Resource Group Meeting Notes – September 17, 2018

  • IFRS - AcSB Image

Oct 03, 2018

On October 3, 2018, the Accounting Standards Board (AcSB) released a summary of its Insurance Transition Resource Group meeting held on September 17, 2018.

The topics discussed at this meeting include:

  • Conversions under IFRS 17
  • Risk adjustment for worker’s compensation boards
  • Insurance risk consequent to an incurred claim
  • Determining discount rates using a top-down approach
  • Commissions and reinstatement premiums in reinsurance contracts issued
  • Premium experience adjustments related to current or past service
  • Cash flows that are outside the contract boundary at initial recognition
  • Recovery of insurance acquisition costs
  • Premium waivers
  • Group insurance policies
  • Industry pools managed by association
  • Annual cohorts for contracts that share in the return of a specific pool of underlying assets
  • Reporting on other questions submitted to the IASB Transition Resource Group for IFRS 17

Review the summary on the AcSB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.