Tag Archives: IFRS 17

IASB delays IFRS 17 by one year

Posted on 19/11/2018 by Hatty

November 2018 The standard setter has deferred the effective date for International Financial Reporting Standard (IFRS) 17 – Insurance Contracts – to annual periods beginning on or after 1 January … Find out more…

Posted in Uncategorized | Tagged , , , , , , , | Comments Off

IFRS 17 to be more costly than Solvency II

Posted on 14/05/2018 by Hatty

May 2018 The overwhelming majority of UK insurers believe the incoming reporting standard IFRS 17 will be more costly than the Solvency II directive, new research has found. A survey of … Find out more…

Posted in Uncategorized | Tagged , , , , , , , , , , , | Comments Off

Whopping 92% of insurers unprepared for IFRS 17

Posted on 15/01/2018 by Hatty

January 2018  The vast majority of insurance companies worldwide are not prepared for the incoming accounting standard IFRS 17, despite recognising the significant risks it poses to their business Data … Find out more…

Posted in Uncategorized | Tagged , , , , , , , , | Comments Off

Munich Re CFO calls for delay to IFRS 17: report

Posted on 05/12/2017 by Hatty

December 2017  The CFO of Munich Re has become the latest senior (re)insurance executive to criticise the incoming IFRS 17 global insurance accounting standard. IFRS 17, which will be mandatory … Find out more…

Posted in Uncategorized | Tagged , , , , , | Comments Off

General insurance: The wide-ranging implications of IFRS 17

Posted on 13/06/2017 by Hatty

13th June 2017  The new accounting standard for insurance contracts, IFRS 17, will have wide-ranging implications for (re)insurers, and many firms are preparing for significant changes to their business operations  … Find out more…

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , | Comments Off

New IFRS model poses a major challenge, experts say

Posted on 18/05/2017 by Hatty

May 2017 Insurers implementing the International Accounting Standards Board (IASB)’s new IFRS 17 will find the process a major challenge due to the huge scale of the operation, according to … Find out more…

Posted in Uncategorized | Tagged , , , , , , | Comments Off