Introduction to IFRS17
IFRS17 is an International Financial Reporting Standard that was issued by the International Accounting Standards Board in May 2017. It replaces IFRS 4 on accounting for insurance contracts and has an effective date of 1 January 2021.
In this presentation, the aim is to provide members with a good understanding of the IFRS17 requirements and be equipped with the necessary basics/background information to understand the key challenges to be discussed at future talks. Specifically, the presentation will include the following:
- objective
- scope
- key definitions
- requirements
- methodologies
This is the first in a series of talks and is presented jointly by the SAI life and non-life IFRS17 working groups. This introductory talk assumes no previous knowledge or experience in the area, and is aimed at actuaries at all levels.
To access podcasts please contact the Society: info@actuaries.ie