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About the Transition Resource Group for IFRS 17 Insurance Contracts
The Transition Resource Group for IFRS 17 (TRG) is one of the ways the Board is supporting implementation of the new Standard. The purpose of the group is to:
- provide a public forum for stakeholders to follow the discussion of questions raised on implementation; and
- inform the Board in order to help the Board determine what, if any, action will be needed to address those questions. Possible actions include providing supporting materials such as webinars, case studies and/or referral to the Board or Interpretations Committee.
Between February 2018 to April 2019 there have been four TRG meetings covering all 127 submissions up to April 2019. At present, no further TRG meetings are scheduled. However, the TRG has not been disbanded and is available for consultation by the Board if needed. In addition, there is still scope for stakeholders to make us aware of implementation questions via email to insurancecontracts@ifrs.org.
