On 18 May 2017, the International Accounting Standards Board (IASB) issued IFRS 17 - Insurance Contracts. This new IFRS Standard for insurance contracts which are aimed at helping investors and others better understand insurers’ risk exposure, profitability and financial position. IFRS 17 replaces IFRS 4 and will be effective from 1 January 2021.
Managing Director – Advisory Services
Patrick Rozario speaks to
Insurance Asia News on how IFRS 17 will affect Hong Kong insurers.
Click
here to watch the video interview.