Asia P&C insurers unprepared for IFRS 17
February 5 2021 by Nick Ferguson
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IFRS 17 timeline ‘question mark’ remains for India, Aon says
- December 19
Anthony Atkins, APAC head of actuarial, says the Indian market has been 'quite slow in terms of its IFRS journey', with the deadline reported to have been extended until FY27.
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Time to bite the bullet on IFRS 17? Implementation issues still abound in Asia
- May 27
Despite being formally introduced in several countries in 2023, a number of players in the Asian market continue to struggle with the adoption of new reporting standards, Aon's managing director and APAC head of finance consulting David Mbatha says.
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Philippines extends PFRS 17 deadline until January 2027
- March 12
Last year, the Insurance Commission mandated adoption of a new accounting standard - which aligns with the International Financial Reporting Standard 17 (IFRS 17) - by January 1, 2025.
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IFRS 17 readiness and implementation “not fit for purpose” for some APAC players
- December 6
There are “specific pockets” where problems with IFRS 17 are still manifest in the Asia market, including aspects of reporting.
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