The Transition Resource Group (TRG) for IFRS 17 will meet four times during 2018 to discuss questions raised regarding the implementation of the IFRS 17 Standard. Milliman consultants have prepared a summary of the key points arising from the TRG meeting of 2 May 2018, which is available here.
The TRG meeting covered some of the implementation challenges raised by TRG members and a number of examples relating to the following concepts in IFRS 17:
- Coverage units
- Contract boundaries
- Risk adjustment at the group level
- Bundling insurance contracts