2020-02-07 | 29636

IFRS 17 – Insurance Contracts

The International Accounting Standards Board issued IFRS 17 to standardize accounting for insurance contracts globally. The framework replaces prior guidance and establishes a comprehensive measurement model that recognizes profitability over the coverage period while accounting for risk adjustments and the time value of money. Insurers must now apply consistent recognition, measurement, presentation, and disclosure rules to improve transparency in their financial reporting.

Trinidad and Tobago

Central Bank of Trinidad and Tobago

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Insurance Sector IFRS 17 – Insurance Contracts Share