IFRS in Focus — Third Transition Resource Group meeting discussing the implementation of IFRS 17, “Insurance Contracts”

Published on: Oct 08, 2018

The Transition Resource Group (TRG) for Insurance Contracts held its third technical meeting on September 26-27, 2018.

During the meeting, the TRG discussed the following:

  • 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 cash flows
  • Premium waivers
  • Group insurance policies
  • Industry pools managed by an association
  • Annual cohorts for contracts that share in the return of a specified pool of underlying items

This publication was released by our Global firm.

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