Preparing the Market for IFRS 17
To help you navigate the changes to IFRS 17 proposed by the International Accounting Standards Board and use the opportunity to drive and maximize value from these proposed changes, we invite you to register for our upcoming webcast.
We have two options for the webcast which can be seen upon registration. Option 1, which is at 1:00pm GMT, is the most suitable time for Irish based (re)insurers, so please select this option.
Option 1: Europe
Date: Wednesday 27 March 2019
Time: 1:00pm (GMT)
Option 2: ASPAC
Date: Thursday 28 March 2019
Time: 9:00am (HKT/CST)/12:00pm (AEDT)/10:00am (JST)
Please note: the webcast will be recorded and a link circulated for those unable to attend the live webcast.
The International Accounting Standards Board (the IASB) has proposed certain amendments to IFRS 17 addressing some of the concerns and implementation challenges raised to them.
This webcast will summarize the proposed amendments to IFRS 17 and suggested activities that insurers should consider taking as a result and how best to make use of the countdown to 2022.
Additionally, we are very pleased to welcome a guest speaker:
Mark Vaessen, a partner with KPMG in the Netherlands, where he heads the Department of Professional Practice and a board member of EFRAG, who will provide a brief update on EFRAG activities and forthcoming deliberations on IFRS 17.
Following the webcast, participants should be able to explain at a high level:
This webcast will last approximately 90 minutes.
A further three tentative amendments to IFRS 17 Insurance Contracts emerged from the International Accounting Standards Board’s (the Board) March 2019 meeting.
In total, four topics were discussed at the meeting, meaning that all 25 of the stakeholder concerns and implementation challenges the Board agreed to explore have now been covered.
The Board tentatively decided to propose amendments to IFRS 17 in three areas.