IA Issues Survey to Assess Readiness of Insurers to Implement HKFRS 17
IA released a readiness assessment survey to better understand the implementation status of authorized insurers with respect to the Hong Kong Financial Reporting Standard (HKFRS) 17 on insurance contracts. HKFRS 17 will be effective for the financial periods beginning on or after January 01, 2021. The objective of this survey is to understand the readiness of the industry and the challenges that the industry faces in implementing HKFRS 17. Completed surveys are requested to be submitted by October 12, 2018.
Keywords: Asia Pacific, Hong Kong, Insurance, Readiness Assessment Survey, HKFRS 17, Insurance Contracts, IFRS 17, IA
Experienced life actuary; background in economic capital modeling; ALM specialist; IFRS 17 researcher
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
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