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IFRS 17 (IND AS 117)

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

Leadership

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Mr. Kunj Behari Maheshwari

Chairperson

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Ms. Harshada Shringarpure

Secretary

Members

  1. Mr. Avdhesh Gupta
  2. Mr. Hiten Kothari
  3. Mr. Kailash Mittal
  4. Mr. Kshitij Sharma
  5. Ms. N Kalpana
  6. Mr. Philip Jackson 
  7. Mr. Piyush Jain
  8. Mr. Rajiv Mukherjee
  9. Ms. Saigeeta Bhargava
  10. Mr. Sai D Srinivas 
  11. Ms. Shivali Chopra
  12. Ms. Tanmeet Kaur

Executive Assistant

  1. Mr. Banothu Saikiran

Functions

  1. Identify the role of actuaries in preparation of Financial statements by insurers in India under IFRS 17 and advising the Institute for way ahead
  2. Work on addressing the matters related to the actuarial profession on IFRS 17 reporting standards as applicable to insurers in India
  3. 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
  4. 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.
  5. To be in the know of and advise the Institute on useful technical and academic developments relating to IFRS 17
  6. Conduct Big Impact Research Projects that impact the lives of the people and government
  7. Work with Examination/Education Committee/ Education Task Force to produce the syllabus and content for certification course in IFRS 17
  8. Work with other AGs of GI/Life/Health/Banking to identify related emerging issues and design and conduct CPD programs, including seminars, webinars, and workshops, aimed at enhancing skills of members working in related area
  9. Create APS / GN on Ind AS 117
  10. Other functions that may be assigned to this working group from time to time.

The Work plan and Timelines will be:

  1. This Working Group will meet periodically (atleast four times a year) either through conference call or face to face with atleast 2 meetings collaborating with AGs of GI/Life/Health/Banking.
  2. This Working Group will report to the Research and Innovation Committee and/ or to the President.

Updated on 14th May, 2025.

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