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Insurance contracts transition resource group holds first technical meeting

  • TRG (Transition Resource Group) (mid blue) Image

07 Feb 2018

The Transition Resource Group (TRG) for Insurance Contracts held its first technical meeting on 6 February 2018.

The purpose of the TRG is to seek feed­back on po­ten­tial issues related to im­ple­men­ta­tion of IFRS 17 Insurance Contracts. During the meeting, the TRG discussed the following:

  • Separation of insurance components of a single contract.
  • Boundary of contracts with annual repricing mechanisms.
  • 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.

Audio recordings of each session are available on the TRG meeting page on the IASB’s website. In addition, a summary on the meeting is expected soon.

For more information, see the press release on the IASB’s website.

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