IFRS 17 Insurance contracts: External resources

Use our inventory of useful external resources to help you understand and apply IFRS 17 Insurance Contracts.

International Financial Reporting Standard (IFRS) 17 Insurance Contracts sets out the requirements that a company should apply in reporting information about insurance contracts it issues and reinsurance contracts it holds. In summary, IFRS 17 requires insurance liabilities to be measured at a current fulfillment value and provides a more uniform measurement and presentation approach for all insurance contracts.

IFRS 17 replaces IFRS 4 Insurance Contracts and is effective for annual periods beginning on or after January 1, 2021.

We have compiled an inventory of external resources to help you understand and apply IFRS 17.

These resources were created by external organizations and were not reviewed, developed or approved by Chartered Professional Accountants of Canada (CPA Canada). CPA Canada accepts no responsibility or liability that might occur directly or indirectly as a consequence of the use of, application of, or reliance on these resources.

Comprehensive guides

Key KPMG publications to support on transition to IFRS 17
(January 2018 | KPMG)

Insurance Contracts: First Impressions
(July 2017 | KPMG)

In depth: A look at current financial reporting issues – IFRS 17 marks a new epoch for insurance contract accounting
(June 2017 | PwC)

Get ready for IFRS 17
(May 2017 | Grant Thornton)

Detailed summaries

Impacts of IFRS 17 insurance contracts accounting standard – considerations for data, systems and processes
(2018 | EY)

Global IFRS Insurance Survey 2018 - 2021 countdown underway: Insurers prepare for IFRS 17 implementation
(July 2018 | Deloitte)

IFRS 17: Insurance Contracts
(PwC)

Overview documents

IFRS 17 –Much more than an accounting issue
(PwC)

IASPlus: Insights – IFRS 17 – What does it mean to you?
(Deloitte)

IFRS 17 Insurance
(KPMG)

IASPlus: IFRS 17 Insurance Contracts
(Deloitte)

IFRS 17: Insurance Contracts
(PwC)

IFRS 17: 5 Questions Every Insurer Should Be Asking
(March 2018 | BDO)

IFRS Alert: Release of IFRS 17 Insurance Contracts
(November 2017 | MNP)

New insurance contracts standard – Introducing IFRS 17
(July 2017 | KPMG)

Insurance Accounting Alert: IASB issues IFRS 17 – the new standard for insurance contracts
(May 2017 | EY)

Standard setters and regulations

About – Insurance Contracts
(IASB)

Transition Resource Group for IFRS 17
(IASB)

Canadian Accounting Standards Board Insurance Transition Resource Group
(AcSB)

New IFRS 17 webcast: insurance contracts with participation and other features
(August 2018 | IASB)

Advisory on IFRS 17 Transition and Progress Report Requirements
(May 2018 | Office of the Superintendent of Financial Institutions)

Exposure Draft – Incorporate changes required by the adoption in Canada of IFRS 17 Insurance Contracts, including Principles of International Standard of Actuarial Practice 4 – Actuarial Practice in Relation to IFRS 17 Insurance Contracts, into the Canadian Standards of Practice
(May 2018 | Actuarial Standards Board)

IFRS 17 Feedback Statement
(May 2017 | IASB)

IFRS 17 Effects Analysis
(May 2017 | IASB)

IFRS 17 Fact Sheet
(May 2017 | IASB)