AcSB

Insurance Transition Resource Group

About the Resource Group

The Accounting Standards Board (AcSB) established the AcSB Insurance Transition Resource Group (TRG) to assist the implementation of IFRS 17 Insurance Contracts in Canada.

Staff Contact(s)

Katharine Christopoulos, CPA, CA, CPA (Illinois)

Senior Principal, Accounting Standards Board

Members and Participants

The Group consists of:

  • a Chair, who is a member of the AcSB; and
  • 15 to 20 members with a range of backgrounds and experience, including preparers, actuaries, and public practitioners, involved with life, property and casualty, mortgage insurance, or reinsurance.

In addition to members, the AcSB’s Chair and Director, Accounting Standards, attend the TRG meetings. Other individuals participate in the meetings, including the following:

  • Lesley Thomson, Sun Life Financial – Canadian serving on the IASB Transition Resource Group
  • Karen Stothers – Representative of the Office of the Superintendent of Financial Institutions (Canada)

Individuals who submit issues may be asked to participate in the Group’s discussion of that issue.

Meetings

For upcoming meetings, visit the AcSB calendar.

Upcoming meeting & events


Meeting & event summaries


October 3, 2018 AcSB Insurance Transition Resource Group Meeting Notes – September 17, 2018

Before the IASB® Transition Resource Group for IFRS 17 meeting on September 26 and 27, our Group met and discussed the same topics. This included the contract boundary, annual cohorts and premiums in reinsurance contracts issued. Our Group also considered submissions by Canadian stakeholders on the risk adjustment and conversion options under IFRS 17.

May 24, 2018 AcSB Insurance Transition Resource Group Meeting Notes – April 25, 2018

Before the IASB® Transition Resource Group for IFRS 17 meeting on May 2, our Group met and discussed the same topics, including the contract boundary and the risk adjustment for non-financial risks in a group of entities. Our Group also considered submissions by Canadian stakeholders on the contract boundary for the premium allocation approach, and for reinsurance contracts.

March 2, 2018 AcSB Insurance Transition Resource Group Meeting Notes – February 1, 2018

Before the IASB Transition Resource Group for IFRS 17 meeting on February 6, our Group met and discussed the same topics, including the boundary of reinsurance contracts held, separation of insurance components in a single contract, insurance acquisition cash flows paid on an initially written contract, and the quantity of benefits for identifying coverage units.

Charles Henaire

FCPA, FCA
Great-West Life Assurance Company
Winnipeg, MB
Chair

Chiu Yen Yeh

CPA, CA
Sun Life Financial
Toronto, ON
Member(s)

Dana Chaput

CPA, CA
KPMG
Toronto, ON
Member(s)

Diane Churilla

CPA, CGA
RBC Insurance
Mississauga, ON
Member(s)

Elaine Hultzer

CPA, CA
Deloitte LLP
Toronto, ON
Member(s)

Geneviève Bélanger-Lowe

CPA, CA
Intact Financial Corporation
Montréal, QC
Member(s)

Janice Deganis

CPA, CA, CMA
Ernst & Young LLP
Kitchener, ON
Member(s)

Jonathan Turner

Swiss Reinsurance Company Ltd
Toronto, ON
Member(s)

Josephine Marks

Eckler Consultants & Actuaries
Toronto, ON
Member(s)

Kim Girard

iA Groupe financier
Québec, QC
Member(s)

Marc Priestley

CPA, CA
BDO Canada LLP

Mario Vertolli

CPA, CA
Manulife Financial
Toronto, ON
Member(s)

Owen Thomas

CPA, CA
PricewaterhouseCoopers LLP
Toronto, ON
Member(s)

Ricky Chawla

Great-West Life Assurance Company
Toronto, ON
Member(s)

Simon Curtis

Munich Re Canada
Toronto, ON
Member(s)

Stephanie Fadous

Manulife Financial
Toronto, ON
Member(s)

Teresa Tataryn

CPA, CA
The Wawanesa Mutual Insurance Company
Winnipeg, MB
Member(s)

Yvonne Burghardt

CPA, CA
Genworth Financial Canada
Oakville, ON
Member(s)