IFRS 17 is an accounting standard that provides a framework for reporting insurance contracts . It states the classification of assets and liabilities of companies operating in the insurance sector and provides consistent principles for insurance contracts. IFRS 17 is an International Financial Reporting Standard that was issued by the International Accounting Standards Board in May 2017. It replaced IFRS 4 on accounting for insurance contracts and became effective date of 1 January 2023. However , in India, Insurance Regulatory and Development Authority of India (Irdai) has asked both bank-sponsored and non-bank-sponsored insurance companies to implement IFRS 17 regulations by FY27 (previously FY25) , to give these companies sufficient time for implementation. IRDAI has also reconstituted an Expert Committee on the implementation of Ind AS 117 or IFRS 17 headed by the Member (Finance and Investment) F&I of Irdai which will work on steps that may be taken towards the effective implementation of the new accounting framework, along with giving phase-wise timelines.
A 180 m long train crosses another 270 m long train running in the opposite direction in 12 seconds. If the shorter train crosses a pole in 12 seconds, ...
A train 400 m long running at 108 km/hr takes 35 seconds to cross a bridge. The length of the bridge is
Two trains of equal lengths take 30 seconds and 45 seconds respectively to cross a telegraph post. If the length of each train be 450 metres, in what ti...
The question contains a statement followed by Quantity I and II. Read the information clearly and answer your questions accordingly.
Quanti...
Two trains C and D started from point A and B respectively. Speed of train D is 21 km/hr more than that of train C. Total distance between point A and B...
A train can cross a pole, a bridge of 600 meter long and platform of 480 meter long in 14 seconds, _____ seconds and 30 seconds, respectively.
Th...
A train 275 metre long takes 33 sec to cross a man running at a speed of 5 km/hr in the direction same to that of train. What is the speed of the train?
Train B can cross a ‘d’ meter long platform in 16 seconds. The speed of train B is 40% less than the speed of train A. Train A can cross a pole in 8...
Ratio of the lengths of two trains ‘X’ and ‘Y’ is 3:4 respectively and the ratio of time taken by them to cross a pole is 1:2 respectively. If s...
A train started from station P and preceded towards station Q at a speed of 64 km/h. 45 minutes later, another train started from station Q and preceded...