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Emerging risks | Growth Opportunities | APAC Insurance

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Wednesday, September 30, 2026

IFRS 17

korean-insurers-face-ifrs-17-pressure-from-interest-rate-cuts
Korean insurers face IFRS 17 pressure from interest rate cuts
October 14 2024
Recent interest rate reduction by Bank of Korea could impact insurers' profitability.
indonesian-regulator-to-strengthen-insurance-supervision-with-national-database
Indonesian regulator to strengthen insurance supervision with national database 
October 10 2024
Financial Services Authority (OJK) is also preparing to implement PSAK 117, the country’s version of IFRS 17. 
india-u-turns-on-ifrs-17-roll-out
India U-turns on IFRS 17 roll-out
October 3 2024
India’s Corporate Affairs Ministry has postponed plans for the country’s insurers to report accounts using IND AS 104, the local version of IFRS.
customer-confidence-increased-by-hong-kong-rbc-regime
Customer confidence increased by Hong Kong RBC regime
October 2 2024
The combined impact of HK RBC and IFRS 17 has led to an improvement in: product mix, economic valuation, and corporate governance by insurers, says Chow Tai Fook CFO.
asia-pac-reinsurers-post-strong-set-of-first-ifrs-17-results
Asia Pac reinsurers post strong set of first IFRS 17 results
September 17 2024
AM Best's APAC reinsurance composite shows combined ratio improved from 94.5% in 2022 to 91.6% in 2023, off the back of favourable earnings and absence of major cat events.
ifrs-17-muddies-comparison-of-reinsurers-results
IFRS 17 muddies comparison of reinsurers results
September 10 2024
Reinsurers and life firms face the biggest impact of an accounting change which moves the industry away from relying on Gross Written Premiums as a way of reporting revenue.
fitch-affirms-nan-shan-lifes-ratings-with-higher-contractual-service-margins-expected-from-2016
Fitch affirms Nan Shan Life's ratings with higher contractual service margins expected from 2026
July 22 2024
Taiwanese insurer maintains 'A-' IFS rating, with IFRS 17 introduction in 2026 likely to increase CSM.
gic-re-adopts-sap-fioneer-to-comply-with-impending-ifrs-17-standards
GIC Re adopts SAP Fioneer solution ahead of IFRS 17 rollout
July 17 2024
Full implementation of new accounting standard is set for April 2025.
korean-insurers-to-prioritise-csm-friendly-products-to-help-drive-profitability-fitch
Korean insurers to prioritise CSM-friendly products to help drive profitability: Fitch
June 26 2024
Profits to stabilise following full implementation of IFRS 17, so insurers likely to prioritise protection-type and long-term products.
koreas-lotte-insurance-on-market-for-us1-5bn-and-drawing-global-interest-reports
Potential Lotte Insurance sale drawing interest, but US$1.5bn valuation faces scrutiny
April 23 2024
Stake acquisition of Korean insurer drawing local and international interest, but questions remain about valuation post-IFRS 17 implementation.
samsung-fire-amp-marine-exits-bancassurance-business
Samsung Fire & Marine exits bancassurance business
April 6 2024
Insurer ends 21-year bancassurance operations amid sales decline, rising interest rates, and regulatory changes.
korean-insurers-profits-soar-45-5-in-first-year-under-ifrs-17
Deferred acquisition costs under IFRS 17 see Korean insurers' profits soar 45.5%
March 27 2024
Industry sees 6% fall in overall premium income, but life insurers' net profits rise 37.6% and non-life's soar 50.9%, in first year under IFRS 17.
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.