Advisory Group on IFRS 17 (IND AS 117)

Chairperson

Secretary

Identify the role of actuaries in preparation of Financial statements by insurers in India under IFRS 17 and advising the Institute for way ahead
Work on addressing the matters related to the actuarial profession on IFRS 17 reporting standards as applicable to insurers in India
Responsible for putting in place and reviewing relevant Actuarial Practice standards and Guidance Notes that are required for members of the institute who would be responsible for preparation of (parts of or whole of) financial statements for insurance companies including Appointed Actuaries
To be in know of and advise the institute on emerging business and industry issues affecting the insurance industry, arising as a result of transition to a global IFRS 17 standard.
To be in the know of and advise the Institute on useful technical and academic developments relating to IFRS 17
Prepare articles for the Actuary India magazine
Conduct Big Impact Research Projects that impact the lives of the people and government
Work with Education Committee/ Education Task Force to produce the syllabus and content for certification course in IFRS 17
Work/ liaise with other stakeholders
Design and carry out Continuing Professional Development Programmes including seminars/ Webinars and workshops for enhancement of skills of members working in related area
Create APS / GN on Ind AS 117
Other functions that may be assigned to this advisory group from time to time.

This Advisory Group will have at least three meetings per quarter (preferably one meeting per month) either through conference call or face to face.
This Advisory Group will report to the External Affairs Committee and/ or to the President.

Advisory Group on IFRS 17 (IND AS 117) no text