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IFRS 17 Insurance Contracts: ICAEW’s correspondence with the IASB

ICAEW’s Insurance Committee has longstanding engagement with technical issues relating to the implementation of IFRS 17, which was originally scheduled for 1 January 2021. We are publishing a series of seven letters written to the IASB on particular points to assist in deliberating possible amendments to the new standard.

Please note: The IASB has not reviewed these papers for accuracy and they do not necessarily agree with the committee’s characterisation of the issues.

Membership of the ICAEW's Insurance committee includes experts from the insurance industry and accounting firms.  Committee discussions provide a constructive examination of technical difficulties from different points of views. This makes finding solutions acceptable for most stakeholders somewhat more achievable. The papers below represent the collective thinking of the committee.