AcSB Insurance Transition Resource Group Meeting Notes – February 1, 2018

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Mar 02, 2018

On March 2, 2018, the Accounting Standards Board (AcSB) released a summary of its Insurance Transition Resource Group meeting held on February 1, 2018.

The topics discussed at this meeting include:

  • Boundary of reinsurance contracts held
  • Separation of insurance components of a single insurance contract
  • Boundary of contracts with annual repricing mechanisms
  • Insurance acquisition cash flows paid on an initially written contract
  • Determining quantity of benefits for identifying coverage units
  • Insurance acquisition cash flows when using fair value transition
  • Reporting on other questions submitted to the IASB® Transition Resource Group for IFRS 17, Insurance Contracts

Review the summary on the AcSB's website.

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