The IASB’s Transition Resources Group for IFRS 17 met for the first time on 6 February 2018 to discuss a number of implementation issues that have arisen as insurers and practitioners get ready for the 1 January 2021 go live date. Detailed discussions included aspects of separation of components of a single insurance contract, contract boundaries and transition; with additional responses provided to questions submitted relating to other areas of the standard.
Click on the link below to read our summary of the discussions and what it means for insurers.
