On 25 June 2020, the International Accounting Standards Board (IASB or the Board) issued amendments to IFRS 17 Insurance Contracts (IFRS 17 or the standard). These amendments follow from the Exposure Draft (ED) on proposed Amendments to IFRS 17 Insurance Contracts (published on 26 June 2019), and subsequent redeliberations based on feedback received on the ED from stakeholders.
As a result of its re-deliberations, the IASB has made changes to the following main areas of IFRS 17:
In addition to the above changes, the amendments also include several other (minor) amendments and editorial changes to IFRS 17.
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