There is just over a year left for IFRS 17’s date of transition. After a number of TRG meetings and the June 2020 amendments, the Standard remains complex and a challenge to navigate for insurers. Most insurers are in the journey to implementation for the 1 January 2023 effective date of this Standard.
This will be a good time to pause and reflect on your judgements, assumptions, methodologies and implementation plans in the run up to preparing the comparative information that is required from 1 January 2022.
P&I Clubs are faced with unique considerations under IFRS 17 given their membership and capital structure as well of their sharing of loss exposures via pooling arrangement such as Hydra. This webinar will focus on IFRS 17’s requirements for P&I Clubs. We will explore topics such as measurement models, fulfilment cash flows, discount rates, risk adjustments, reinsurance contracts held and transition against this backdrop of the P&I Club specific considerations.
Join Alex Barnes, Mark Spencer, Omar Ripon and Santiago Restrepo as they navigate these and other areas with you.