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Insurance contracts

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FRC calls for members for a Technical Advisory Group on IFRS 17
16 Apr 2020
The Financial Reporting Council (FRC) is calling for members for a new Technical Advisory Group on IFRS 17 'Insurance Contracts'.
Deloitte issues results of global IFRS insurance survey
18 Jul 2018
Deloitte has issued, 'Global IFRS Insurance Survey 2018: 2021 countdown underway — Insurers prepare for IFRS 17 implementation', which aims to provide a comprehensive view of insurers' reactions to the requirement in IFRS 17, as well as their perceptions on the scale and complexity of this major regulatory change, and the timelines surrounding system implementation necessary to achieve compliance.
IASB discusses investors’ reactions to IFRS 17
20 Nov 2017
The IASB has issued an article by IASB board member Nick Anderson that discusses the top five question investors and analysts have on IASB’s new insurance contracts standard, IFRS 17.
IASB announces membership of the transition resource group for IFRS 17
21 Sep 2017
The International Accounting Standards Board (IASB) has announced the members of a Transition Resource Group (TRG) that will focus on potential implementation issues associated with their new insurance contracts standard.
IASB posts webinar on IFRS 17
27 Jul 2017
The IASB has posted to its website a two-part webinar on the recently issued standard IFRS 17 'Insurance Contracts'.
EFRAG, EFFAS, IASB, AIAF and OIC joint event on disclosure, goodwill and insurance contracts
07 Jul 2017
The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS), the International Accounting Standards Board® (IASB), the Associazione Italiana degli Analisti e Consulenti Finanziari (AIAF) and the Organismo Italiano di Contabilità (OIC) will host a joint event on 18 September 2017 in Milan, Italy, which will feature discussions related to IASB's Discussion Paper, "Disclosure Initiative — Principles of Disclosure," EFRAG's Discussion Paper, "Goodwill and Impairment Test: Can it be improved?" and IFRS 17, "Insurance Contracts."
IASB posts webinar on IFRS 17
21 Jun 2017
The IASB has posted to its website a webinar on the recently issued standard IFRS 17 'Insurance Contracts'.
Updated IASB work plan — Analysis
19 May 2017
Following its May 2017 meeting, the IASB has updated its work plan. There were no major changes with the exception of the insurance contracts project being removed from the active projects due to the issuance of IFRS 17 yesterday.
IASB issues new insurance contracts standard
18 May 2017
The International Accounting Standards Board (IASB) has published a new standard, IFRS 17 'Insurance contracts'. The new standard requires insurance liabilities to be measured at a current fulfillment value and provides a more uniform measurement and presentation approach for all insurance contracts. These requirements are designed to achieve the goal of a consistent, principle-based accounting for insurance contracts. IFRS 17 supersedes IFRS 4 'Insurance Contracts' and related interpretations and is effective for periods beginning on or after 1 January 2021, with earlier adoption permitted if both IFRS 15 'Revenue from Contracts with Customers' and IFRS 9 'Financial Instruments' have also been applied.
IASB announces IFRS 17 release date
15 May 2017
The IASB has announced that it expects to publish its insurance contracts standard, IFRS 17, on 18 May 2017. In addition, the IASB expects to publish a proposed IFRS taxonomy update on insurance contracts and host two live web presentations on the standard.

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