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Sunday, July 12, 2026

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IFRS 17
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.
2024-regulatory-roadmap-hong-kong-and-indian-insurers-prepare-for-change
2024 Regulatory Roadmap: Hong Kong and Indian insurers prepare for change
January 11 2024
Major regulatory changes will be limited in mature Asia Pac insurance markets in 2024 but carriers need to prepare for rules around the use of AI in their businesses 
taiwan-further-eases-regulatory-strain-on-local-insurers
Taiwan further eases regulatory strain on local insurers 
December 12 2023
Taiwan's Financial Supervisory Commission unveils new transitional measures to support insurers before adoption of stricter RBC and accounting standards in 2026.
an-estimated-usd20b-spent-on-ifrs-17-transition-senior-ey-consultant
An estimated US$20bn spent on IFRS 17 transition: senior EY consultant
November 6 2023
Insurers should take advantage of automation to leverage the data the new standard will produce, said Martyn van Wensveen, a senior management consultant at EY.
taiwan-insurers-look-to-bolster-capital-levels-as-us-rate-rises-bite
Taiwan insurers look to bolster capital levels as US rate rises bite
August 22 2023
Taiwanese insurers are making strategic changes as they face pressure from rising interest rates and falling premiums.
foreign-linked-insurers-to-lead-indias-ifrs-17-transition
Foreign-linked insurers to lead India’s IFRS 17 transition
August 9 2023
The Insurance Regulatory and Development Authority of India has chosen 15 foreign-linked firms to lead the way in India's adoption of IFRS 17, as part of efforts to attract foreign investment.
korea-limits-insurers-ability-to-restate-accounts-under-ifrs-17
Korea limits insurers’ ability to restate accounts under IFRS 17
August 1 2023
The FSS has restricted insurers' ability to restate profits and directed that restatements should only be used in exceptional circumstances.
prudential-unveils-impact-of-ifrs-17-on-financial-performance
Prudential unveils impact of IFRS 17 on financial performance
July 20 2023
Group CFO Ben Bulmer summarised the impact has been in line with the group's preliminary guidance.
ping-an-release-2022-results-under-ifrs-17-confirm-new-accounting-standard-wont-impact-strategy
Ping An release 2022 results under IFRS 17, stating new accounting standard will not affect their strategy
July 19 2023
Revenue down, net profit up considerably, but effects on total assets and liabilities were estimated at 1%.
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