Need to know — Transition Resource group discusses implementation of IFRS 17 'Insurance Contracts'

Published on: 09 Feb, 2018

On 6 February 2018 the IFRS Transition Resource Group for implementation of IFRS 17 Insurance Contracts (TRG) held its first meeting.

Topics discussed were:

  • Separation of insurance components of a single insurance contract
  • Boundary of contracts with annual repricing mechanism
  • Boundary of reinsurance contracts held
  • Insurance acquisition cash flows paid on an initially written contract
  • Determining quantity of benefits for identifying coverage units
  • Insurance acquisition cash flows when using fair value transition
  • Reporting on other questions submitted


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