With the first series of annual statements published under the new IFRS 17 standard, is the new standard achieving the desired transparency and comparability, or is variability undermining these objectives?…
The new IFRS 17 standard for the accounting of insurance contracts is mandatory for IFRS accounts from this year onwards. In the time since its publication, we discovered that it…
IFRS 17, the new standard for ‘insurance contracts’, becomes effective from 1 January 2023. What are the key changes of the transition from IFRS 4 to IFRS 17, and how will the financial information presented by insurance companies change in the new year?
In this latest update from the Actuaries Institute's AASB 17 Implementation Taskforce, Benoit Laganiere discusses considerations related to aggregation and contract boundaries to assist Australian actuaries involved in implementing the new accounting standard.
