Articles tagged "IFRS"
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.
Posted on: March 28, 2018
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
Posted on: November 22, 2017
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 on: November 1, 2017
The previous AASB 17 Insurance Taskforce update on insurance contract accounting implementation looked at the BBA Drafting Group and particularly focused on the issue of coverage units. This time, its focus falls on the Variable Fee Approach (VFA) work-stream, headed by David Rush.
Posted on: September 27, 2017
Trang Duncanson reports on the AASB17 Implementation Taskforce’s Member Insights Session last week.
Posted on: September 13, 2017
With the finalisation of the long awaited IFRS17 global accounting standards in May 2017, the Actuaries Institute's IFRS17 Implementation Taskforce will be updating its members monthly on its activities.
Posted on: August 29, 2017
With the finalization of the long awaited IFRS17 global accounting standards in May 2017, the Institute of Actuaries IFRS17 Implementation Taskforce will be updating its members monthly on its activities.
Posted on: July 11, 2017
The new accounting standard for insurance contracts, IFRS 17, will have wide-ranging implications for (re)insurers, and many firms are preparing for significant changes to their business operations.
Posted on: July 7, 2017