The International Accounting Standards Board voted to propose a one-year delay on the effective date of the new insurance contracts standard, so it will take effect in 2022 instead of 2021. Processing ...

Effective January 1, 2023, insurance companies entered a new financial reporting standard known as International Financial Reporting Standard 17 (IFRS 17). Fundamentally, the standard changes ...

ZIMBABWE's accounting professionals have warned that insurance product pricing and business models may change with the adoption of International Financial Reporting Standard (IFRS 17), a global ...

For Canada’s P&C insurance industry, IFRS 17 is ushering in an era in which people must understand how to speak multiple languages. But for an industry that used to know what COR meant, the old order ...

International rating agency Fitch Ratings has said that the implementation of IFRS 17 has been a significant step towards increasing transparency and comparability in insurers’ financial statements.

As more insurance markets transition to the IFRS 17 accounting standard, a new AM Best commentary addresses frequently asked questions about the rating agency’s treatment of IFRS 17 data and clarifies ...

IBK Pension Insurance, a non-life insurer that only sells pension insurance, is seeing a decline in the performance of its core insurance operations due to the introduction of a new accounting ...

Sri Lanka’s insurance industry is on the cusp of a fundamental strategic shift that could potentially pivot its focus from a long-held obsession with the premium volume to a more sustainable model of ...

We call on the insurance industry to ensure that at least two or three insurance companies make it to the voluntary phase of adoption going by the adoption roadmap. ...we are at the voluntary phase of ...