Publications from Other Global Organisations

Title Description
Why insurers’ combined ratios under IFRS-17 can’t be compared in 2024 Short article on how the variation in how Canadian P&C insurers are reporting their combined operating ratios makes comparison difficult.
The Auditor’s Response to the Risks of Material Misstatement Arising from Estimates Made in Applying IFRS 17 Insurance Contracts The International Federation of Accountants (“IFAC”) published a paper on August 3 2021, which highlights how the enhanced audit requirements may impact the auditor’s effort to identify and assess the risks of material misstatement and consequently plan their audit response to the identified risks, including the degree to which they plan to evaluate and rely on controls as part of their testing strategy.
IFRS 17 for German life insurance The German actuarial association has prepared a summary report on specifics of IFRS 17 on German life insurance contracts. 
IFoA resources to support member IFRS 17 learning
Sensitivities and Dynamics of IFRS 17 Illiquidity Premia Discussion on constructing the discount curve to reflect the cash flows and liquidity of an insurer's liabilities.
IFRS 17 Calls for a New Take on Data and Technology Article discussing the impacts of IFRS 17 on IT architecture from top to bottom.
FRC publishes review of companies’ IFRS 17 disclosures This report summarises the key findings of the FRC's thematic review of disclosures in 2023 interim accounts relating to the implementation of IFRS 17 ‘Insurance Contracts’.
HM Treasury IFRS 17 Insurance Contracts: Exposure Draft This guidance sets out the basis for the HM Treasury's adaptations and interpretations of IFRS 17 and does not focus on the application of the Standard itself. 

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