IASB: IFRS 17 implementation - new support materials
13 July 2018
The IASB has published a pocket guide on reinsurance contracts held and a simple example of a reinsurance contract held as part of its activities to support the implementation of IFRS 17 Insurance Contracts.
The pocket guide on reinsurance contracts held is a helpful reference tool on how IFRS 17 applies to reinsurance contracts held and includes insights on implementing IFRS 17 from the discussions of the Transition Resource Group for IFRS 17 (TRG).
The simple example of a reinsurance contract held illustrates the requirements in IFRS 17:
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applied to a group of underlying insurance contracts; and
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applied to a reinsurance contract held that provides proportionate coverage for that group of underlying insurance contracts.
Full press release
Pocket guide
Example
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