Insurance

Welcome to the Insurance industry page, your source of accounting technical guidance for the industry.

Suggested for you

Suggested for you

16 June 2022

In transition - the latest on IFRS 17 implementation - June 2022

The IFRS Interpretations Committee agrees to finalise its agenda decision on the transfer of insurance coverage under a group of annuity contracts and to issue a tentative agenda decision on multi-currency groups of insurance contracts

In summary...

More Less

GX In transition

10 December 2021

Initial application of IFRS 17 and IFRS 9 - Comparative Information

On 9 December 2021, the IASB issued the amendment of IFRS 17 relating to the presentation of comparative information of financial assets on initial application of IFRS 17, ‘Insurance Contracts’.

In summary...

More Less

GX In brief INT2021-15

24 December 2020 | Updated 11 August 2022

In the Spotlight - Determining CSM allocation using coverage units

IFRS 17, ‘Insurance Contracts’, introduces the concept of ‘coverage units’ for determining how an insurer allocates to different reporting periods the expected profit for providing insurance contract services (that is, the contractual service margin).

In summary...

More Less

GX Spotlight

04 November 2020 | Updated 31 August 2022

In the Spotlight - Transition to IFRS 17 - Oct 2020

IFRS 17 specifies complex transition requirements for entities that are applying IFRS 17 for the first time. Entities will need to evaluate the choices that are available to them and exercise judgement in applying many of the requirements. Those choices and judgements will have an ongoing, long-term effect on amounts recognised on transition, with a corresponding effect on shareholder equity and reported revenue and profit reported in subsequent years for some insurers.

In summary...

More Less

GX

10 June 2020 | Updated 10 September 2021

In the Spotlight - Eligibility for the Variable Fee Approach

IFRS 17, ‘Insurance Contracts’, specifies that some participating contracts should be accounted for using the variable fee approach (‘VFA’), to reflect that those contracts provide investment-related services which are integrated with insurance coverage, and that the entity receives a variable fee for those services.

In summary...

More Less

GX

SHOW MORE SHOW LESS

Helpful links

Show more

SME Contact

Gail Tucker

Gail Tucker

Partner

PwC

Email

Gail Tucker

Partner
PwC

Partner

078917806372

Marcos Trofino

Marcos Trofino

Senior Manager

PwC

Email

Marcos Trofino

Senior Manager
PwC

Senior Manager

+44 7483 334635

This content is copyright protected. It is for your own use only - do not redistribute. These materials were downloaded from PwC's Viewpoint (viewpoint.pwc.com) under license.

Warning 2

✕

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

Viewpoint allows you to save up to 25 favourites.

Consider removing one of your current favourites in order to to add a new one.

Go to favourites

Are you sure you would like to remove this page from your favourites?

Yes
signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide
✕

Hello and welcome to Viewpoint

Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. Follow along as we demonstrate how to use the site

Before we start.

Choose your preferred language below.