Preparing the Market for IFRS 17
Since IFRS 17 Insurance Contracts was first issued, the IASB has been monitoring and supporting its implementation and has learned much about stakeholders’ concerns and implementation challenges.
At its October meeting, the Board undertook its first comprehensive update aimed at addressing these issues. Notably, they set criteria for evaluating possible amendments to IFRS 17.
Our online magazine – Insurance – Transition to IFRS 17 – provides our summary and analysis of the topics discussed at the IASB's Transition Resource Group (TRG) September meeting.
The next TRG meeting is in December and we will provide an update on the outcome of this meeting in due course.