News April 2018 Important opportunity for UK stakeholders to express views on financial statements of insurers

Important opportunity for UK stakeholders to express views on financial statements of insurers

12 April 2018
EFRAG is inviting users of the financial statements of insurers to express their views on this change to IFRS financial reporting. IFRS 17 Insurance Contracts is intended to improve the information that is available to users of financial statements of insurance companies and financial conglomerates. Expressions of interest in participating in this outreach are requested by close of business on Friday 11 May 2018.

IFRS 17 is designed to replace the interim Standard IFRS 4 Insurance Contracts. EFRAG is seeking the views of users of financial statements as a key input into its endorsement advice to the European Commission. EFRAG wishes to gather views from both specialist users, who mainly follow insurance companies, as well as users who follow a range of companies.

The outreach will be conducted through structured interviews which EFRAG says should take no longer than 30 minutes. To participate in the process, please either complete the online registration or contact Joachim Jacobs on (telephone: +32-(0)2 207 93 75, email: joachim.jacobs@efrag.org ) in order for EFRAG to send relevant materials and arrange a suitable time.
 

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