Insurance – IFRS 4 amendments | KPMG | MK

Insurance – IFRS 4 amendments

Insurance – IFRS 4 amendments

Reducing the impact

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IFRS insurance

The differing effective dates of IFRS 9 Financial Instruments and the forthcoming insurance contracts standard could have a significant impact on insurers.

In response to concerns regarding temporary accounting mismatches and volatility, and increased costs and complexity, the IASB has issued amendments to IFRS 4 Insurance Contracts.

These amendments reduce the impact, but companies need to carefully consider their IFRS 9 implementation approach to decide if and how to use them.

Find out more in KPMG’s web article and SlideShare presentation. Look out for further insight and analysis over the coming weeks.

If you have any questions in this regard, we would be glad to help you make informed decisions

© 2017 KPMG DOOEL Skopje, a Macedonian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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