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.
| Chair: | Alice Boreman |
|---|---|
| Membership: | 17 |
| Established: | 2015 |
Related documents
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Guidance for Member-Led Research Working Parties
9 November 2017
Contact Details
If you want more information about this research working party please contact the Communities Team.
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Events calendar
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CILA 2022
23 May 2022 - 24 May 2022We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.
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Opportunity to participate in a virtual Roundtable Discussion hosted by the IFoA in conjunction with the City of London Corporation’s Socio-economic Diversity Taskforce
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Annual General Meeting 2022
15 June 2022In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.
The Business of the AGM
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IFoA Presidential Address 2022
16 June 2022Join newly inaugurated IFoA President, Matt Saker, for his Presidential Address.
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The IFoA Conference 2022
133 Houndsditch, London EC3A 7BX and Online22 June 2022 - 23 June 2022
We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.
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This webinar will cover:
• Some background on the risks of misselling in an ESG context, including the DWS case
• Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities
• This tension can be resolved with a concept called Universal Ownership
• Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities
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This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on the expected future changes. Through examining the transformation, we will highlight how the sector is and can use actuarial expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.
