UK Endorsement Board secretariat launches survey on IFRS 17

  • UK Endorsement Board (UKEB) Image

23 Apr, 2021

The UK Endorsement Board (UKEB) secretariat has launched an IFRS 17 'Insurance Contracts' survey specifically for users.

The aim of this survey is to help the UK Endorsement Board assess the impact of IFRS 17 on users of the accounts of UK insurers. This will form part of the work necessary to assess IFRS 17 for use in the UK, carried out as required under Statutory Instrument 2019/685. Its open until 12 May 2021.

The survey seek views on:

  1. Awareness of the implications of IFRS 17 and the level of engagement with insurers
  2. Anticipated benefits to users of insurers’ accounts
  3. Attractiveness of the insurance industry to investors post implementation
  4. Potential wider impacts
  5. Implementation costs for users of insurers’ accounts.

The survey is available here.

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