IFRS - Insurance | KPMG | CN
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IFRS - Insurance

IFRS - Insurance

KPMG’s insights on accounting change for insurers.

KPMG’s insights on accounting change for insurers.

Considerable accounting changes for insurers

The new insurance contracts standard, IFRS 17, aims to increase transparency and to reduce diversity in the accounting for insurance contracts. The standard is currently due to become effective for annual periods beginning on or after 1 January 2021. However, in November 2018, the IASB tentatively decided to propose a one-year deferral of the effective date to 2022. The HKICPA issued HKFRS 17, which is a word-to-word copy of IFRS 17.


Our materials will help you understand the evolving proposals and assess the potential impact on your company. Look out for further updates on this page.

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