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Insurance contracts transition resource group releases meeting agenda

  • TRG meeting (mid blue) Image

13 Sep 2018

The IASB has released the agenda for IFRS 17 transition resource group (TRG) meeting on 26-27 September 2018.

The purpose of the TRG is to seek feedback on potential issues related to implementation of IFRS 17 Insurance Contracts. By analysing and discussing potential implementation issues, the TRG will help the IASB determine whether additional action is needed, such as providing clarification or issuing other guidance. This meeting will be the third meeting where technical matters will be discussed.

The agenda for the meeting is as follows:

Wednesday, 26 September 2018 (11:00-16:15)

  • Welcome and introductory remarks
  • Insurance risk consequent to an incurred claim
  • Determining discount rates using a top-down approach
  • Commissions and reinstatement premiums in reinsurance contracts issued
  • Premium experience adjustments related to current or past service
  • Cash flows that are outside the contract boundary at initial recognition

Thursday, 27 September 2018 (9:30-15:00)

  • Recovery of insurance acquisition cash flows
  • Premium waivers
  • Group insurance policies
  • Industry pools managed by an association
  • Annual cohorts for contracts that share in the return of a specified pool of underlying items
  • Reporting on other questions submitted
  • Administrative matters

Agenda papers for this meeting are available on the IASB's website.

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