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Transition to IFRS 17

Transition to IFRS 17

Transition to IFRS 17

To help you navigate the changes to IFRS 17 proposed by the International Accounting Standards Board (the Board) within the recent Exposure Draft (ED), and understand stakeholder feedback received by the Board on the ED, we invite you to our upcoming webcast.

We are pleased to be joined by a guest speaker, Martin Edelmann, a member of the Board who will discuss the seven targeted important areas of proposed change and report the first feedback the Board has been hearing from its stakeholders on the amendments.

IFRS 17 Exposure Draft feedback and next steps

We have two options for the webcast. When registering, please select the best option for you based on your time zone:
 
Option 1: EMA/Americas
Date: Tuesday 15 October 2019
Time: 8:00am (EST) / 1:00pm (BST) / 2:00pm (CEST)

Register here.


Option 2: ASPAC
Date: Wednesday 16 October 2019
Time: 8:00am (HKT/CST) / 11:00pm (AEDT) / 9:00am (JST)

Register here.

 

The Board has proposed an effective date of 1 January 2022 for the new standard, an extension of the temporary exemption to IFRS 9 by one year, and amendments in seven targeted areas of IFRS 17. The Board has provided a 90 day comment period on the proposed amendments, accepting comments until 25 September 2019.


This webcast will summarize the proposed amendments to IFRS 17 and discuss what comments the Board has received on the ED. It will also discuss next steps and suggested activities that insurers should consider taking to step up the pace of implementation of IFRS 17 as we countdown to 2022.

Following the webcast, participants should be able to explain at a high level:

  • The Board’s proposed amendments to IFRS 17 within the ED and stakeholder responses received by the IASB.
  • The Board’s activities and forthcoming deliberations on IFRS 17.
  • Suggested activities for insurers to step up the pace of IFRS 17 implementation.


This webcast will last approximately 90 minutes and will be recorded and a link circulated for those unable to attend.
 
KPMG presenters

  • Mary Trussell, Global Insurance Accounting Change Lead Partner, KPMG International
  • Joachim Kölschbach, KPMG’s Global Lead Partner for IFRS for Insurance, KPMG International


KPMG member firms’ approach to implementing IFRS 17 and IFRS 9 is distinctive, recognizing that this is more than just a technical accounting and actuarial issue, providing the opportunity for insurers to streamline their processes and ensure clear and concise communication to shareholders, investors and other key stakeholders.
We look forward to you joining us on this webcast.

Previous editions