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IFRS 17
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, 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%.
Korean regulator issues IFRS 17 guidance after Q1 results
June 26 2023
Non-life insurers’ sale of long-dated products distorted first set of results under the new standard.
APRA publishes minor updates to AASB 17 which will take effect from July 1st
June 7 2023
APRA had opened up a consultation on proposed changes in May. With no responses received, the regulator went ahead and finalised the amendments.
Zurich Q1 results: APAC sees 18% Increase in GWP, 42% surge in PVNBP
May 18 2023
The group achieved strong performance in all regions, with APAC and LATAM the standout achievers.
Allianz's Q1 sees CR improve to 91.9% along with 24.2% in group operating profit
May 16 2023
P&C volume rose 11.2 percent to €24.1 billion, while L&H saw a volume drop of 2.6% to €20.1 billion.
Report: Korean P&C insurers' performance set to balloon under IFRS 17
May 15 2023
Korean insurers are poised to report improved earnings with P&C insurers enjoying a particularly significant increase.
Manulife HK delivers 26% APE increase as group books first quarter under IFRS 17 and IFRS 9
May 11 2023
There was an increase in overall net income, however Manulife also saw a slight decrease in APE sales globally.
Taiwan's Shingkong Insurance adopts Wolters Kluwer solution to ease IFRS 17 Transition
May 5 2023
Taiwan is expected to fully transition to the new accounting standard in 2026.
APRA proposes minor amendments to AASAB 17, seeks industry feedback
May 4 2023
The regulator is proposing changes to improve usability and remove ambiguity for Australia's equivalent of the IFRS 17 accounting standards.
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