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