At its first meeting held on February 6, 2018, the IFRS Transition Resource Group for Insurance Contracts (TRG) discussed several implementation issues related to the new accounting standard for insurance contracts, IFRS 17. The issues discussed related to separation of insurance contracts, contract boundary of insurance contracts and reinsurance contracts held, quantity of benefits for identifying coverage units, and the accounting for and presentation of insurance acquisition cash flows.
US Insurance Practice Leader, PwC US
Richard de Haan
Global Actuarial Leader, PwC US
Managing Director, National Professional Service Group, PwC US