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.