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Insurance contracts transition resource group holds third technical meeting

  • TRG meeting (mid blue) Image

08 Oct 2018

The Transition Resource Group (TRG) for Insurance Contracts held its third technical 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. Specifically, the TRG discussed the following:

  • 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.
  • 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

A summary on the meeting and audio record­ings of each session are available on the TRG meeting page on the IASB’s website. For more in­for­ma­tion, see Deloitte's related IFRS in Focus newslet­ter.

In addition, see the meeting summary and listen to the podcast on the IASB's website.

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