Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 348

The IFRS 17 revolution of (Re)Insurance Industry

Posted by fidest press agency su mercoledì, 9 giugno 2021

Webinar Thursday 10 June 2021 16:00-17:30 Europe is moving forward with the endorsement process of IFRS 17 while some critical points have emerged in the application and the internal and external financial communication. The event aims to collect opinions from some experts in the field among academics, participants in the Local (OIC) and European (EFRAG) working groups with the contribution of financial analysts from EFFAS (The European Federation of Financial Analysts Societies) The webinar aims to provide participants the main impacts from the user’ point of view starting from KPIs used to analyse insurance companies and applied in the framework of the new accounting standard. A Q&A session is also planned. The Financial Analysts think that it is important that there is no more delay in applying IFRS 17 of January 1- 2023. Otherwise, should this harm comparability between entities in the long run? What are the open questions that can have effect on users’ analysis? Why the Financial Analysts believe that the annual cohorts’ approach in VFA life products does not improve the visibility for users? There are possible solutions to this problem?


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