On 22 May 2024 from 10:15 – 11:15 EDT, the Accounting and Auditing Working Group of the IAIS hosted a stakeholder webinar to provide updates on the Working Group’s activities and gather feedback on key matters of interest on potential significant changes to IFRS accounting standards and international auditing standards impacting the insurance industry. The recording of the […]
The International Association of Insurance Supervisors (IAIS) has submitted a comment letter to the International Auditing and Assurance Standards Board (IAASB) on its proposed International Standard on Sustainability Assurance (ISSA) 5000 – General Requirements for Sustainability Assurance Engagements. The IAIS recognises that sustainability reporting is rapidly becoming a topic of global importance and that its […]
The IAIS has issued a comment letter to the International Accounting Standards Board (IASB) on its request for information on the Post Implementation Review (PIR) of IFRS 9 Financial Instruments – Impairment.
The International Association of Insurance Supervisors (IAIS) has issued comment letters to the International Auditing and Assurance Standards Board (IAASB) and to the International Sustainability Standards Board (ISSB)
The International Association of Insurance Supervisors (IAIS) has issued a comment letter to the International Accounting Standards Board (IASB) on the Exposure Draft (ED) on Amendments to the Classification and Measurements of Financial Instruments issued in March 2023. The IAIS welcomes the IASB’s proposed amendments contained in the ED and the intention to clarify and […]
The ISSB disclosure standards will improve the quality and comparability of sustainability and climate risks reporting globally. The IAIS has set up a climate risk disclosures workstream that will study the Climate Related Disclosure Standard closely and take stock of relevant developments in climate risk disclosures. Following this, the IAIS will consider whether further work is needed.
The IAIS has launched a public consultation on the candidate Insurance Capital Standard (ICS) as a prescribed capital requirement (PCR) and on two draft revised Insurance Core Principles (ICPs): ICP 14 (Valuation) and 17 (Capital Adequacy). Comments are invited by 21 September 2023.
