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    About this working party

    • The working party will investigate whether IFRS 17 meets its stated objective of ensuring that entities provide relevant information in a way that faithfully represents insurance contracts, the implications of IFRS 17 on insurance accounting, profit reporting and supplementary reporting and any IFRS 17 related issues arising for UK life insurers. 

      Key objectives: 

      • a brief historic overview of accounting for UK insurers; 

      • examining recent IASB developments, covering both the Insurance Contracts Standard IFRS 17 and other developments affecting insurers; 

      • setting out key issues affecting life insurers arising from recent developments; 

      • providing a comparison of the measurement models found within the IFRS 17, Solvency II and supplementary reporting; 

      • a possible future role for supplementary reporting. 

      Chair: Dominic Veney 

      Established: 2018 - 2023