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FRC to host a webinar on the UK endorsement of IFRS 17

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18 Mar 2021

The Financial Reporting Council (FRC) will be hosting a webinar on the UK endorsement of IFRS 17 'Insurance Contracts'.

Following the UK’s exit from the EU, IFRS 17 needs to be assessed by the UK Endorsement Board (UKEB) if it is to be adopted for use in the UK.
 
As part of this assessment it is important that the views of investors and other users of insurers’ accounts are heard. This webinar will form part of the UKEB's engagement with these stakeholder groups and is intended to initiate discussion around key aspects of the standard from the user perspective.

The webinar will provide an update for investors and include:

  • A presentation from Nick Anderson, IASB Board member, explaining the key changes that IFRS 17 will introduce and addressing key issues for UK investors;
  • Initial views from equity analyst and ratings agency perspectives on how the standard could impact their analysis of insurance business.

The UKEB secretariat will also outline the project to assess IFRS 17 for UK adoption and explain how stakeholders can get involved in the outreach. 

Further details and information on how to register for the webinar are available on the FRC website.

A recording of the webinar is available here.

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