Nowość Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Raport EIOPA na temat wdrożenia oraz synergii i różnic z Solvency II

15 April 2024

EIOPA-BoS-24/111

EIOPA’s report on the implementation & synergies and differences with Solvency II

IFRS 17 is expected to bring uniformity and transparency to insurer’s and reinsurer’s financial statements, leading to significant changes not only in the insurance industry, but also on the regulatory side where some changes on the use of IAS Options have been observed in the EU. Following the initial publication of IFRS 17 in 2017, EIOPA published its analysis of the benefits IFRS 17 , and now, after IFRS 17 first application, the analysis is complemented with this report on the implementation of IFRS 17 and the synergies and differences with Solvency II.

Within the first half of the report, EIOPA covers the main aspects of the implementation of IFRS 17, with special focus on its first application, which in 68% of cases was simultaneous to the first application of IFRS 9 due to the temporary exemption allowed by the IASB. While the first application of these two standards...