Industry Segments: IFRS 17 Page 1 / 2
- March 14 2023
Asian insurers lag global peers as IFRS 17 kicks in
With traditional accounting measures such as GWP and NWP being phased out, there are numerous reporting challenges to overcome.
- January 5 2023
APAC insurers still playing IFRS 17 catch-up
Companies need to carefully evaluate the implementation choices as it will have a lasting impact on shareholders’ equity and revenues.
- February 1 2022
New Aussie reporting rules may challenge cyber insurance
Insurers will have to split out their cyber data as part of IFRS 17 reforms – but this may not be so easy.
- September 1 2021
Fubon P&C sees over 30% decline in premiums in H1 2021
Plans to grow the firm's non-motor reinsurance business in China faces intense competition, AM Best says.
- July 26 2021
New Zealand seeks feedback on interim insurer solvency standards
Stakeholders will have until October 1, 2021 to share their views with the central bank.
- February 8 2021
Taiwan to push capital strength and sustainable finance: Fitch
The FSC has pinpointed key focus areas as insurers prepare for IFRS 17 and a new solvency regime.
- February 5 2021
Asia P&C insurers unprepared for IFRS 17
The challenges are likely to be multiplied for smaller domestic insurers across the region.
- November 26 2020
HKIA chair says GWS framework on track for H1 2021
The regulator is also set to publish its first risk and solvency assessment reports in June.
- July 9 2020
Insurance Authority’s Cheung on HK’s regulatory path
The regulator wants to promote confidence in HK's market potential, and its cross-border tie-ups.
- December 3 2019
HKFI advocates two-year IFRS 17 delay
The association wants to avoid "all the possible downsides'" of being a first mover.
- October 23 2019
Bracing for the IFRS 17 marathon
Rising costs, reinsurance contracts and calls for a further delay, are just some of the complications.
- June 28 2019
The IASB has made some concessions to its new accounting standard, but they may not be enough.
- April 26 2019
Are Asian insurers ready for IFRS 17?
More than half of companies in Asia are still only in the early stages of preparedness.
- April 17 2019
Korea’s life association seeks further IFRS 17 delay
South Korean firms would like another delay beyond January 2022.
- March 6 2019
Moore Stephens: IFRS delay an “opportunity to optimise”
As insurers reach the implementation phase of IFRS 17 there is plenty of work ahead.
- January 23 2019
Philippines to delay IFRS 17
The country's regulator is to delay accounting standard implementation by another 12 months.
- September 18 2018
Asian insurers’ new business value up in 2017
The embedded value of 31 major insurers grew 19.2% in 2017, a recent survey from Milliman shows.
- August 16 2018
Moody’s Analytics enlarges Asia-Pacific insurance team
The hires are part of an effort to support insurers with challenges such as IFRS 17, ALM, and risk-based capital.
- March 7 2018
Korean insurers turn to hybrid securities to boost capital
The issuance comes ahead of the introduction of the new global accounting and stricter local capital standards.
- March 6 2018
Korean insurers ask to postpone new capital standards
The K-Insurance Capital Standards are posing a heavy burden on the country's insurance industry.