The impact on shareholders’ equity of transition to the new IFRS 17 accounting standard is considerably more pronounced for life insurers than their n ...

To ensure a systematic, comprehensive and accurate adoption of IFRS 17 during the transition process, Ping An requires more time to observe and conduct analysis.

In the report, AM Best analysts also examine the recently published results for the UAE’s listed insurers and discuss the impact of the transition to the new IFRS 17 reporting regime.

"Looking forwards, we expect the adoption of IFRS 17 to result in a more stable and predictable operating profit profile for L&G," it added.

Join this on demand webinar from Finextra, in association with Oracle and PwC, to hear experts discuss how firms should approach the IFRS 17 implementation and delivery process.

No-moat-rated Sun Life Financial reported a decent set of numbers to start the year and transitioned to IFRS 17 financial reporting standard.

The International Accounting Standards Board and its parent, the IFRS Foundation, released guidance on management commentary and climate transition disclosures.