IFRS 17 Materials

• Jan 2020 IASB meeting
  • Cover note
  • Scope exclusion from IFRS 17 for some credit card contracts
  • Transition - the prohibition from applying the risk mitigation option retrospectively
  • Business combinations - contracts acquired in their settlement period
  • Interim financial statements
  • Asset for insurance acquisition cash flows - transition and business combinations
• Feb 2020 IASB meeting
  • Cover note
  • Contractual service margin attributable to investment services
  • Annual cohorts with intergenerational sharing of risks between policyholders
  • Risk mitigation option - non-derivative financial instruments at fair value through profit or loss
  • Minor amendments
  • Additional specific transition modifications and reliefs
  • Other topics raised by respondents to the Exposure Draft Amendments to IFRS 17
• Mar 2020 IASB meeting
  • Cover note
  • Effective date of IFRS 17 and IFRS 9 temporary exemption in IFRS 4
  • Due process steps and permission for balloting
  • Overview of the amendments to IFRS 17
• Jun 2020 IASB meeting
  • Consolidated text of IFRS 17 - June 2020
• Jan 2019 IASB meeting
  • Summary of the meeting
  • Cover paper
  • Insurance acquisition cash flows for renewals outside the contract boundary [2A]
  • Reinsurance contracts held - onerous underlying insurance contracts [2B]
  • Appendix to reinsurance contracts held—onerous underlying insurance contracts [2C]
  • Reinsurance contracts held - underlying insurance contracts with DPF [2D]
  • Recognition of the contractual service margin in profit or loss in the general model [2E]
• Mar 2019 IASB meeting
  • Cover note
  • Summary of the meeting
  • Level of aggregation - Stakeholders' concerns and staff analysis [2A]
  • Level of aggregation - IFRS 17 requirements and Board’s rationale [2B]
  • Level of aggregation - History of the Board’s decisions [2C]
  • Credit cards that provide insurance coverage [2D]
  • Transition requirements - Risk mitigation option [2E]
  • Transition requirements - Loans that transfer significant insurance risk [2F]
  • Amendments to disclosure requirements [2G]
  • Implications for disclosure and transition requirements [2H]
• Apr 2019 IASB meeting
  • Summary of the meeting
  • Cover note
  • Overview of the amendments to IFRS 17 [2A]
  • Due process steps and permission for balloting [2B]
  • Sweep issues [2C]
  • Annual improvements [2D]
• May 2019 IASB meeting
  • Cover note
  • Summary of the meeting
  • Summary of the IFRS 17 TRG meeting in April 2019 [2A]
  • IFRS 17 TRG submission log as at 22 Mar 2019 [2B]
  • Sweep issues [2C]
  • Comment period for Exposure Draft Amendments to IFRS 17 [2D]
• Jun 2019 IASB meeting
  • Amendments to IFRS 17 - Standard
  • Amendments to IFRS 17 - Basis for Conclusions
  • IFRS 17 Insurance Contracts incorporating amendments
  • Exposure Draft snapshot
  • Overview of Exposure Draft Amendments to IFRS 17 [Video]
  • Overview of Exposure Draft Amendments to IFRS 17 [Slides]
• Oct 2019 IASB meeting
  • Cover note
  • Amendments to IFRS 17 - outreach summary
• Nov 2019 IASB meeting
  • Cover note
  • Comment letter summary - overview and introduction
  • Comment letter summary - feedback on the questions in the Exposure Draft
  • Comment letter summary - other comments
  • Redeliberation plan
• Dec 2019 IASB meeting
  • Cover note
  • Proposed amendments to be finalised
  • Expected recovery of insurance acquisition cash flows
  • Reinsurance contracts held - recovery of losses
• May 2018 IASB meeting
  • Cover Note
  • Summary of the meeting
  • Summary of the May 2018 TRG
  • TRG for IFRS 17 submission log
  • Implementation challenges outreach report
• Jun 2018 IASB meeting
  • Summary of the meeting
  • Annual Improvements - IFRS 17 [2A]
  • Annual Improvements on coverage units [2B]
• Oct 2018 IASB meeting
  • Summary of the meeting
  • Criteria for evaluating possible amendments to IFRS 17 [2C]
  • Concerns and implementation challenges [2D]
• Nov 2018 IASB meeting
  • Summary of the meeting
  • Implications of exploring amendments to IFRS 17 for effective dates
• Dec 2018 IASB meeting
  • Cover paper
  • Summary of the meeting
  • Presentation of insurance contracts on the statement of financial position [2A]
  • Discount rates, risk adjustment and OCI option [2B]
  • Variable fee approach [2C]
  • Business combinations [2D]
  • Future cash flows in the measurement of reinsurance contracts held [2E]
  • The treatment of accounting estimates in interim financial statements [2F]

• IASB webinars
  • Introducing IFRS 17 [Presentation]
  • Understanding IFRS 17 [Presentation]
  • Scope of IFRS 17 [Presentation]
  • Measurement essentials [Presentation]
  • Premium Allocation Approach [Presentation]
  • Reinsurance contracts held [Presentation]
  • Recognition and derecognition [Presentation]
  • Transition to IRFS 17 [Presentation]
  • Level of Aggregation [Presentation]
  • Recognising the CSM in P&L [Presentation]
  • Contracts with participation features [Presentation]
  • Contracts with participation features [Video - Part 1]
  • Contracts with participation features [Video - Part 2]
• Other IASB materials
  • Fact Sheet
  • Effects analysis
  • Detailed project history
  • Feedback summary
  • Project summary
  • PAA example with comparison to existing practice [Jun 2018]
  • Reducing the gap by Gary Kabureck [Jul 2018]
  • Insurance contracts issued by mutual entities [Jul 2018]
  • Example of proportionate reinsurance contract [Jul 2018]
  • Guide on reinsurance contracts by Darrel Scott [Jul 2018]
  • One-year deferral of IFRS 17 [Nov 2018]

• EFRAG
  • EFRAG - IFRS 17 limited update of 2018 case studies [Jan 2020]
  • EFRAG - Feedback on proposed IFRS 17 ammendments [Dec 2019]
  • EFRAG - Reinsurance [Apr 2018]
  • EFRAG - Comparison of IFRS 17 and US GAAP [Jun 2018]
  • EFRAG - Simplified case study preliminary results [Jul 2018]
  • EFRAG - Extensive case study preliminary results [Jul 2018]
  • EFRAG - Industry issues analysis [Jul 2018]
• Reference to IASB
  • PwC - Summary of the IASB meeting in January 2019 [Jan 2019]
  • PwC - Summary of the IASB meeting in February 2019 [Feb 2019]
  • PwC - Summary of the IASB meeting in March 2019 [Mar 2019]
  • PwC - Summary of the IASB meeting in May 2019 [May 2019]
  • PwC - Summary of the IASB meeting in Nov 2019 [Nov 2019]
  • PwC - Summary of the IASB meeting in Dec 2019 [Dec 2019]
  • PwC - Summary of the IASB meeting in December 2018 [Dec 2018]
• Ilustrative disclosures
  • PwC - IFRS 17 illustrative financial statements [Feb 2019]
  • KPMG - Guide to annual financial statements: IFRS 17 and IFRS 9 [Jan 2018]
• Summary of TGR meetings
  • PwC - Sep 2018 IFRS 17 TRG meeting summary [Sep 2018]
  • EY - Sep 2018 IFRS 17 TRG meeting summary [Oct 2018]
  • KPMG - Sep 2018 IFRS 17 TRG meeting summary [Oct 2018]

• Apr 2019 TRG meeting
  • Invest. comp. within an insurance contract [P1]
  • Reporting on other questions submitted [P2]
  • Summary of the meeting
• Sep 2018 TRG meeting
  • Insurance risk consequent to an incurred claim [P1]
  • Discount rates using a top-down approach [P2]
  • Re commissions and reinstatement premiums [P3]
  • Premiums experience adjustments [P4]
  • Cash flows outside the contract boundary [P5]
  • Recovery of insurance acquisition cash flows [P6]
  • Premium waivers [P7]
  • Group insurance policies [P8]
  • Industry pools managed by an association [P9]
  • Sharing in the return of a pool of items [P10]
  • Other questions [P11]
  • Summary of the TRG meeting
• May 2018 TRG meeting
  • Combination of insurance contracts [P1]
  • Group risk adjustment [P2]
  • Cash flows within the contract boundary [P3]
  • Boundary of reinsurance contracts [P4]
  • Coverage units [P5]
  • Implementation challenges [P6]
  • Other questions [P7]
  • Summary of the TRG meeting

• Methodology
  • IASB: Why annual cohorts? by Hans Hoogervorst [Apr 2020] New
  • IAA: IAN 100 - ED Application of IFRS 17 Insurance Contracts [Jan 2019]
  • PwC - PAA eligibility [Jun 2019]
  • Milliman - IFRS 17: Fair Value Approach to Transition [Dec 2019]
  • Risk Adjustments for Insurance Contracts (book) [May 2018]
  • Milliman - The choices insurers face when implementing IFRS 17 (video) [Jun 2018]
  • PwC - Reinsurance needs careful consideration [Jun 2018]
  • Moody's Analytics: Calculating the IFRS 17 Risk Adjustment [Aug 2018]
  • PwC - Insights to IFRS 17 - 4. Expected cash flows and contract boundary (video) [Aug 2018]
  • PwC - Insights to IFRS 17 - 5. Insurance contract revenue (video) [Sep 2018]
  • PwC - Insights to IFRS 17 - 6. Reinsurance (video) [Nov 2018]
• Outside Europe
  • Malaysian equivalent of IFRS 17
  • Russian equivalent of IFRS 17
  • Hong Kong equivalent of IFRS 17
  • New Zealand equivalent of IFRS 17
• General
  • EY - Accounting Alert [Dec 2019]
  • Approved text of the ECON motion for a resolution
  • PwC: Where are all the specialists needed to implement IFRS 17? by Alex Bertolotti [May 2018]
  • IFRS Foundation: Preparing the market for IFRS 17 [Jun 2018]
  • PwC - IFRS 17: One year on (Video) [Jun 2018]
  • PwC - IFRS 17 Optimal Technology Design Strategies (video) [Jun 2018]
  • PwC: IFRS 17 global technology showcase tour: What we learned [Jul 2018]
  • PwC: Is CSM starting to move centre stage for investors? by Alex Bertolotti [Jul 2018]
  • KPMG - Feedback on the journey to IFRS 17 and IFRS 9 implementation [Sep 2018]
  • IASB: Are we ready for the next crisis? by Hans Hoogervorst [Dec 2018]
• Surveys
  • Deloitte - IFRS 17 Insurance Survey [Jul 2018]
• CEO Forum
  • CFO Forum: Presentation to the EFRAG [Mar 2019]
  • CFO Forum IFRS 17 ED comment letter [Sep 2019]