Centro de Documentacion de Fundación MAPFRE - Much-needed breathing space : IFRS17 update

Notes: Sumario: In March 2020 the International Accounting Standards Board (IASB) announced a further delay to the effective date for IFRS17 implementation pushing it back to 1 January 2023. This represents a one-year delay from the date proposed in the June 2019 exposure draft amendments - and a two-year delay from when the implementation date was first proposed in 2017. We spoke to a number of industry thought leaders throughout the region to see how they felt the most recent delay would impact the various markets.This includes: Singapore: Postponement is a positive development / Paul McNamara -- Hong Kong: Deferment provides impetus for insurers to improve operations / Ranamita Chakraborty -- Australia: Room to breathe and a chance to improve / Amir Sadiq -- India: More time will ensure proper implementation / Anoop Khanna -- South Korea: Insurers must use IFRS17 deferment wisely / Ahmad Zaki -- Malaysia: Delay allows for more breathing space / Ridwan Abbas -- Sri Lanka: Delay will help industry deal with operational issues / Jimmy JohnRelated records: En: Asia insurance review. - Singapore : Ins Communications Pte Ltd., 2009- = ISSN 0218-2696. - 01/05/2020 Número 5 - mayo 2020 , p. 26-34Materia / lugar / evento: IFRS 17 Normas internacionales de contabilidad Normas de contabilidad Mercado de seguros Empresas de seguros Perspectivas del seguro Singapur Hong Kong Australia India Corea del Sur Malasia Sri Lanka Other categories: 214

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