IFRS 17 for General Insurers

The IFRS 17 for General Insurance Working Party's objectives are to:

• raise awareness of what the changes to the IFRS accounting requirements will mean for actuarial practice, particularly for those working in General Insurance
• encourage debate on how the requirements can be implemented effectively and pragmatically
• produce materials to help other actuaries understand the requirements and how they might be implemented.

Outputs:

• Setting ‘bottom-up’ discount rates under IFRS 17 for General Insurers, by Charlotte Edwards and Apostolos Papachristos
• GIRO 2019: B2 IFRS17 as BAU: A Questions of Timing
• GIRO 2019: A6 IFRS17 Working Party
• Technical Issues in General Insurance (TIGI) 2019: B2 IFRS 17 Complexity in Practise: Risk Margin and Outwards Reinsurance - Retain Insurers
• Technical Issues in General Insurance (TIGI) 2019: B3 IFRS 17 Complexity in Practise: Risk Margin and Outwards Reinsurance - Commerical Insurers
• Current Issues in General Insurance (CIGI) 2018:A3: IFRS 17 Managing the Risk Adjustment in practice
• Reserving Seminar 2018: B2: IFRS 17 Model Choice/PAA eligibility
• Reserving Seminar 2018: Plenary 3: IFRS 17 Overview
• GIRO 2017 Workshop: F1: IFRS 17 for General Insurers
• Reserving Seminar 2017 Workshop: What will IFRS 17 mean in practice?
• The Actuary, June 2017: General insurance: The wide-ranging implications of IFRS 17
• CIGI 2017 workshop A3: IFRS 17 - will you be ready for 2021?
• GIRO 2016 Plenary 4: Managing GI business – it is becoming different
• GIRO 2016 workshop A6: IFRS 4 Phase II - will you be ready for 2021?
• production of report(s) summarising findings.