Industry Segments: IFRS 17 Page 2 / 3
-
- 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
IFRS when?
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.
-
- October 20 2017
Allianz to sell part of life insurance business in Taiwan
The German insurance group has agreed to sell a portfolio of 78,000 policies to China Life.
-
- September 21 2017
AIA denies Korea exit rumours
Group CEO Ng Keng Hooi says the company is in fact considering additional funding to comply with IFRS 17.
-
- September 19 2017
Mounting debt forces Hyundai Life to cut workforce
The company has reportedly placed 120 employees under a voluntary retirement programme as it faces mounting debt.
-
- June 29 2017
Korean firms must raise capital reserves by year end
Capital reserves will be gradually raised starting this year-end, the financial regulator recently announced.
-
- June 27 2017
Korean firms raising capital ahead of IFRS 17
Some insurers are planning to issue hybrid capital securities in the US dollar bond market.
-
- May 31 2017
Korea relaxes rules as IFRS implementation nears
The FSS aims to help insurers alleviate potential fallouts from changes in global accounting rules.
-
- May 19 2017
Korea urges firms to calculate contract liabilities from 2021
The Financial Services Commission said the new rule would encourage insurers to better cope with the IFRS 17.
