Tag Archives: Magnus Wilson

The meeting of the Transition Resource Group for IFRS 17 insurance contracts

The Transition Resource Group (TRG) for IFRS 17 will meet four times during 2018 to discuss questions raised regarding the implementation of the IFRS 17 Standard. In this article, Milliman consultants summarise key points arising from the TRG meeting of 2 May 2018. The TRG meeting covered some of the implementation challenges raised by TRG members and a number of examples relating to the following concepts in IFRS 17:

• Coverage units
• Contract boundaries
• Risk adjustment at the group level
• Bundling insurance contracts