AASB 17 Information Note: Insurance Contract Update
AASB 17 Implementation Taskforce releases the first operating version of the Information Note for practitioners.
AASB 17 Implementation Taskforce releases the first operating version of the Information Note for practitioners.
This article reports on the new AASB 17 Insurance Contracts Information Note, released on 8 March 2018, to support actuaries in Australia and NZ in the application of IFRS17.
Brett Pickett is Head of Actuarial (Group Risk) at TAL and a member of the AASB 17 Insurance Taskforce. Here, Brett provides an update of the Taskforce's activities, including issues around risk adjustment and discount rates
Here, Brendan Counsell of the Institute of Actuaries’ AASB 17 Implementation Taskforce provides an update on the ‘premium allocation approach’, or PAA to assist Australian actuaries involved in implementing the new accounting standard.
Posted 13 September 2017