IFRS 17 for German health insurance

Abstract

The report addresses questions regarding the interpretation and application of the accounting standard IFRS 17 to German health insurance contracts and is relevant for actuaries involved in the preparation and audit of financial statements under IFRS.

Its scope includes contracts that fall under the international accounting standard IFRS 17 Insurance Contracts. The application of IFRS 17 is mandatory for groups reporting under IFRS. As this primarily affects internationally capital market-oriented companies, the present report has been prepared in English.

The report is intended to inform the members and committees of the German Association of Actuaries (DAV) about the current state of discussion and the insights gained. It does not represent an officially endorsed professional position of the DAV.

The IFRS working group of the Committee on Accounting and Regulation of the German Association of Actuaries (DAV) has prepared this report.