IFRS - Insurance | KPMG | CN
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IFRS - Insurance

IFRS - Insurance

KPMG’s insights on accounting change for insurers.

KPMG’s insights on accounting change for insurers.

Considerable accounting changes for insurers

The new insurance contracts standard, IFRS 17, aims to increase transparency and to reduce diversity in the accounting for insurance contracts. The final standard was published on 18 May 2017 and it is effective for annual periods beginning on or after 1 January 2021. The HKICPA issued HKFRS 17, which is a word-to-word copy of IFRS 17.

Our materials will help you understand the new requirements and assess the potential impact on your company. Look out for further publications.

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