Supporting IFRS 17 implementation: insurance contracts issued by mutual entities

As part of our activities to support the implementation of IFRS 17 Insurance Contracts, we have today published educational materials for insurance contracts issued by mutual entities, available here.

This 12 page document covers:

• what a mutual entity is;
• accounting for contracts issued by a mutual entity; and
• whether a mutual entity could have equity.

This educational material has been prepared by staff in response to implementation questions submitted to the Transition Resource Group for IFRS 17 regarding how IFRS 17 applies to insurance contracts issued by a mutual entity.