IASB: The IFRS 17 accounting model in one page

17 January 2018

The IASB published a simple one-page summary of the accounting model in IFRS 17 Insurance Contracts. This summary will help stakeholders understand different elements of the model and how they will be displayed on a company’s balance sheet and in its profit or loss statement.

The accounting model summary and presentation are part of our wider effort to help insurers and others understand the requirements of IFRS 17. This activity also includes the establishment of a transition resource group (TRG), which brings companies, auditors and regulators together in a public forum to discuss questions about implementing IFRS 17. 

Full press release

Accounting model

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