On January 23, 2019 the IASB continued its discussions on IFRS 17. It tentatively agreed to propose amendments to IFRS 17 to:
The Staff plans to bring papers on the remaining implementation concerns and challenges to the Board during the first quarter of 2019. At a future meeting the Board plans to consider the package of all the proposed amendments to ensure that they comply with the criteria the Board agreed in October 2018 and will consider the need for additional disclosures as a consequence of the proposed amendments. The Board expects to publish an Exposure Draft of the amendments to IFRS 17 around the end of the first half of 2019, to be in a position to finalize amendments such that January 1, 2022 remains as the proposed effective date of IFRS 17.
US Insurance Practice Leader, PwC US
Richard de Haan
Global Actuarial Leader, PwC US
Managing Director, National Professional Service Group, PwC US