target

Asia Insurance Related Reporting - IFRS17

Implementation of new IFRS 17 Rules in Asia Insurance

1
Speaker

About Asia Insurance Related Reporting - IFRS17

Tagline

Implementation of new IFRS 17 Rules in Asia Insurance

Description

The International Accounting Standards Board (“IASB”) published IFRS 17 in May 2017, an update and replacement of the current standard, IFRS 4, on insurance contracts. Effective for annual periods beginning on or after January 1, 2022, insurers will be required to bring additional transparency, granularity and comparability to the stakeholders according to the IFRS 17 requirements. This is specifically for life insurers expected to have fundamental impacts to how insurance companies measure the insurance contracts, and to disclosures, reporting and presentation of financial performance.