The European Financial Reporting Advisory Group (EFRAG) has launched a questionnaire targeted at insurers.
EFRAG’s goal is to gain a better understanding of the impact of adopting IFRS 9 Financial Instruments and IFRS 17 Insurance Contracts on hedging strategies and practices. EFRAG is seeking this information as part of its endorsement advice on IFRS 17 for the European Commission.
The Financial Reporting Council has encouraged UK insurers to participate and provide their feedback to EFRAG. Responses are due by 16 September 2019.
The questionnaire can be found here.