UK Endorsement Board calls for participants in a survey on IFRS 17

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30 Sep, 2020

The UK Endorsement Board has invited preparers of financial statements to participate in a survey on IFRS 17 'Insurance Contracts'. The objective of the survey is to collect information from preparers of financial statements relating to the implementation of IFRS 17. The information collected from the survey is intended to help the UK Endorsement Board secretariat assess the impact of IFRS 17 on UK organisations adopting the standard. The information collected will form part of the work necessary to assess the standard for UK endorsement.

The survey is intended be completed by insurers that prepare accounts using IFRS and that are incorporated in the UK. Insurers that are part of a group headed by UK - incorporated entity are requested to respond to the survey from the perspective of the consolidated group. Stand-alone insurance entities and insurance entities that are part of group headed by an entity incorporated outside the UK should respond to the survey from the perspective of the UK incorporated entity (or UK sub- group where applicable).

The survey is open until 29 October 2020. 

Further information and the survey are available on the FRC website.

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