The implementation group in the insurance sector submits its report on Ind AS to IRDAI

The implementation group in the insurance sector

On 30 December 2016, the Insurance Regulatory and Development Authority of India (IRDAI) released the ‘Report of the Implementation Group (IG) on Indian Accounting Standards (Ind AS) in insurance sector in India’ (the report).

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On 30 December 2016, the Insurance Regulatory and Development Authority of India (IRDAI) released the ‘Report of the Implementation Group (IG) on Indian Accounting Standards (Ind AS) in insurance sector in India’ (the report).

The report includes the recommendations of the IG, which was constituted to examine the implications of implementing Ind AS, address the implementation issues and facilitate the formulation of operational guidelines to converge with Ind AS in the Indian insurance sector.

This issue of IFRS Notes provides an overview of the key recommendations in the report.

To access the report issued by the IRDAI, please click here.

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