Insurance IFRS Seminar December 2, 2016 Darryl Wagner Session 36

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Presentation transcript:

Insurance IFRS Seminar December 2, 2016 Darryl Wagner Session 36 The Road Forward Insurance IFRS Seminar December 2, 2016 Darryl Wagner Session 36

Re-deliberations completed by IASB What comes next? Re-deliberations completed by IASB Final IASB standard targeted for Q1 2017 Further field testing Implementation Convergence of practice

Implications Changes in processes and systems Organizational re-design Communication challenges Learning and development Global experience sharing vital Others?

Get up to speed on proposed/final standard Suggested next steps Get up to speed on proposed/final standard Analyze the impact on your business Prepare for people/process changes Develop and execute implementation plan Begin using the new language Stay connected

IASB website (http://www.ifrs.org) Resources IASB website (http://www.ifrs.org) IAA monographs (http://www.actuaries.org) Discount Rate in Financial Reporting Stochastic Modeling Risk Adjustment (coming soon)

Thank You