Transition to the new IFRS for insurance contracts
26 Jan, 2018
The IASB has released a summary of the materials and other support available to national standard-setters and regulators planning for implementation of IFRS 17 'Insurance Contracts'.
The materials introduced by IASB member Amaro Gomes include:
- Set the scene:
- To understand and explain why IFRS 17 was developed
- To familiarise stakeholders with the scope, timing and requirements of IFRS 17
- To understand and explain the possible benefits and costs of IFRS 17
- To understand and explain how IFRS 17 relates to prudential regulation
- To understand and explain what investors think about IFRS 17
- Plan for implementation
- Education
- Use implementation support provided by the IFRS Foundation
Please click to access the summary on the IASB website.