2021-07-02 | 29710

IFRS 17 Standard Insurance Contracts

The Insurance Sector regulator issued IFRS 17 to standardize the accounting treatment for insurance contracts across jurisdictions. The framework requires insurers to measure contract liability using current estimates and explicitly separate investment components from insurance coverage. Implementation mandates consistent recognition, measurement, presentation, and disclosure practices to enhance transparency in financial reporting.

Trinidad and Tobago

Central Bank of Trinidad and Tobago

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Insurance Sector IFRS17 Standard Insurance Contracts Share