In July 2017, the IFRS Foundation and the Canadian Accounting Standards Board co-hosted an educational webinar on IFRS 17 Insurance Contracts tailored to investors.
In this recording of the webinar, Stephen Cooper, member of the International Accounting Standards Board:
- explains why IFRS 17 was developed;
- illustrates how IFRS 17 works using examples of what an insurer’s income statement and balance sheet could look like under IFRS 17, as well as the roll-forward of the insurance contract liability by its components;
- summarises the benefits of IFRS 17; and
- answers questions submitted by investors during the webinar.