Where standards intersect

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<title>Where standards intersect</title>
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Insurers will see a new era of financial reporting ushered in on 1 January 2022. As of then, International Financial Reporting Standard (IFRS) 17 for insurance contracts, and IFRS9 for financial instruments, will be eff ective for insurers and reinsurers. As insurers and reinsurers are preparing for these changes, it is worth considering the interaction between the two standards. Asset liability management (ALM), valuation and financial reporting implications could create unintended consequences in financial statements for years to come, so it is important to take a holistic view of the possible financial statement impacts, rather than making decisions in isolation.</abstract>
<note type="statement of responsibility">Eve Pastor</note>
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<topic>IFRS 17</topic>
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<topic>Normas internacionales de información financiera</topic>
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<topic>Información financiera</topic>
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<topic>Empresas de seguros</topic>
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<topic>Valoración financiera</topic>
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<topic>Contrato de seguro</topic>
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<topic>Instrumentos financieros</topic>
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<title>The Actuary : the magazine of the Institute & Faculty of Actuaries</title>
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<publisher>London :  Redactive Publishing, 2019-</publisher>
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<text>03/06/2019 Número 5 - june 2019 , p. 28-29</text>
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