Insurance webcast 82 — The IASB publishes Amendments to IFRS 17 'Insurance Contracts'

Published on: 13 Jul, 2020

This webcast on the amendments to IFRS 17 discusses the following:

  • Why the IASB amended IFRS 17
  • Key amendments to IFRS 17:
    • New effective date
    • New accounting for insurance acquisition cash flows
    • New CSM allocation relating to investment services
    • Substantial improvement of the accounting for reinsurance held (cedant's accounting)
    • Substantial improvement of the risk mitigation option (a.k.a. VFA hedge accounting)
  • Other amendments impacting several areas of IFRS 17:
    • VFA classification moves to an individual contract basis
  • Additional information on the Amendments to IFRS 17.

The webcast recording can be viewed above, or launched in a separate window by clicking here.


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