Effective January 1, 2023, insurance companies entered a new financial reporting standard known as International Financial Reporting Standard 17 (IFRS 17). Fundamentally, the standard changes ...

New accounting standards could complicate estate planning. The headaches International Financial Reporting Standards have created for accountants will pale in comparison to the impact it will have on ...

The International Accounting Standards Board voted to propose a one-year delay on the effective date of the new insurance contracts standard, so it will take effect in 2022 instead of 2021. Processing ...

ZIMBABWE's accounting professionals have warned that insurance product pricing and business models may change with the adoption of International Financial Reporting Standard (IFRS 17), a global ...

‘IFRS 17 implementation’ll boost perception of insurance’ By Rosemary Iwunze Leadway Assurance Company Limited has said that investors as well as shareholders of insurance companies are set to ...

It has been over a year now since IFRS 17 was published. It replaces an interim standard (IFRS 4 – Insurance Contracts) which has been in place for over a decade, which allowed companies to use a wide ...

The International Accounting Standards Board has published a proposed set of changes to insurance contract accounting in an effort to impose a single standard upon all insurers in all jurisdictions ...

KPMG in Qatar recently hosted an insightful IFRS 17 workshop for the insurance professionals, offering insights and strategies to navigate the complexities of this essential accounting standard. The ...

We call on the insurance industry to ensure that at least two or three insurance companies make it to the voluntary phase of adoption going by the adoption roadmap. ...we are at the voluntary phase of ...

In a bid to beat the December 2012 deadline set for their transition to the International Financial Reporting Standard (IFRS), insurance companies are individually coughing out over N10 million as ...

The International Accounting Standards Board (IASB) has announced IFRS 17, a new set of regulations that create an international Standard for insurance contracts. The measures are designed to simplify ...