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