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Transition to the new IFRS for insurance contracts

  • IASB (International Accounting Standards Board) (blue) Image

26 Jan 2018

The IASB has released a summary of the materials and other support available to national standard-setters and regulators planning for implementation of IFRS 17 'Insurance Contracts'.

The materials introduced by IASB member Amaro Gomes include:

  • Set the scene:
    • To understand and explain why IFRS 17 was developed
    • To familiarise stakeholders with the scope, timing and requirements of IFRS 17
    • To understand and explain the possible benefits and costs of IFRS 17
    • To understand and explain how IFRS 17 relates to prudential regulation
    • To understand and explain what investors think about IFRS 17
  • Plan for implementation
  • Education
  • Use implementation support provided by the IFRS Foundation

Please click to access the summary on the IASB website.

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