The working party will investigate whether IFRS 17 meets its stated objective of ensuring that entities provide relevant information in a way that faithfully represents insurance contracts, the implications of IFRS 17 on insurance accounting, profit reporting and supplementary reporting and any IFRS 17 related issues arising for UK life insurers.
Key objectives:
- a brief historic overview of accounting for UK insurers;
- examining recent IASB developments, covering both the Insurance Contracts Standard IFRS 17 and other developments affecting insurers;
- setting out key issues affecting life insurers arising from recent developments;
- providing a comparison of the measurement models found within the IFRS 17, Solvency II and supplementary reporting;a possible future role for supplementary reporting.
See additional information about the working party
Key outputs:
- A research paper
- A presentation at the Life Conference in 2019
- A sessional meeting on 18 May 2020
- An article on IFRS 17 – impact on UK annuity business
- An article on IFRS 17 - Impact on reinsurance
- An article on IFRS 17 - Impact on UK protection business
- An article on IFRS 17 - Impact on UK with profits business
- An article in The Actuary
| Chair: | Dominic Veney |
|---|---|
| Membership: | 11 |
| Established: | 2018 |
Contact Details
If you want more information about this research working party please contact the Communities Team.
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