World Accounting Report
Insurance – continuing discussions on IFRS 17
For some time now, the question of whether the requirements of IFRS 17, Insurance Contracts, should be changed to address
stakeholders’ concerns has been high on the Board’s agenda. While the effective date of the standard has been deferred one
year to 2022, the IASB wants to send a clear signal to industry and the market that this one-year deferral is sufficient,
hence it needs to keep the momentum going on in this work.