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Need to know — Second Transition Resource Group meeting discussing the implementation of IFRS 17 Insurance Contracts

Published on: 24 May 2018

On 2 May 2018 the IFRS Transition Resource Group for implementation of IFRS 17 Insurance Contracts (TRG) held its second meeting.

The TRG discussed the following topics:

  1. Combination of insurance contracts
  2. Risk adjustment for non-financial risk in a group of entities
  3. Cash flows within the contract boundary
  4. Boundary of reinsurance contracts held with repricing mechanisms
  5. Determining the quantity of benefits for identifying coverage units
  6. Implementation challenges outreach report
  7. Reporting on other questions submitted

Of the items discussed, the following matters will be referred to the IASB Board:

  • Determining the quantity of benefits for identifying coverage units (agenda paper 5)
  • The report on implementation challenges (agenda paper 6)

In addition, the TRG members were split on the level of determination for the risk adjustment for non-financial risk.

Note that there is not a pdf version available to download.


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