Orientation on International Financial Reporting Standard17 (IFRS17)
- Jadeson Ortega
- May 18, 2018
- 1 min read
In October 2017, the Insurance Commission created the IFRS17 Sub-Working Group (SWG-IFRS17) for each sector (Life, Non-Life, MBA, Pre-Need, and HMOs) signed by the Deputy Commissioner Ferdinand George Florendo with the following objectives:
To determine the specific issues and concerns and propose guidelines to the IFRS17 Technical Working Group (TWG-IFRS17);
To provide the industry with the approved guidelines by the TWG-IFRS17 which shall be followed in the undertaking of the self-assessment on the impact of the adoption of IFRS17 in the Philippines

The SWG-IFRS17 members appointed by the Insurance Commission for the Non-Life sector are composed of representatives from the Insurance Commission, PIRA Finance/IT/Underwriting Committees, Actuarial Society of the Philippines (ASP) and Auditing Firms - SGV & Co., Deloitte Phils., Isla Lipana & Co., RS Bernaldo & Associates, Reyes Tacandong & Co., and Punong Bayan & Araullo (P & A).
INTENSIVE TRAINING SCHEDULE
RS17 Orientation/Training for the PIRA members to be conducted by the consultants/auditing firms last May 15 and 17, 2018. For an effective and manageable conduct of the sessions, PIRA formed three (3) groups and assigned companies for attendance on specific date/time as follows:
Speaker : Deloitte, Phils. (Group 1)
Date: May 15, 2018 (Tuesday)
Time: 1:30 pm to 5:00 pm
Venue: Navarro Amper & Co.
Room MDAC 1 and 2, 19th
Floor Net Lima Plaza
5th Ave. corner 26th St.
Bonifacio Global City
1634 Taguig
Speaker : Isla Lipana & Co. (Group 2)
Date : May 17, 2018 (Thursday)
Time : 8:00 a.m. to 11:30 Noon
Venue: Yuchengco Tower,
RCBC Plaza, 6819
Speaker : SGV & Co. (Group 3)
Date : May 17, 2018 (Thursday)
Time : 1:30 p.m. to 5:00 p.m.
Venue: Training Room 4, 3F,
STI Holdings Center,
6764 Ayala Avenue,
Makati City
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