Indonesia: Proposed updates to PSAK 74 in response to amendments to IFRS 17 (Part III – easing transition)

Part I- reducing costs

Part II - making results easier to explain

This e-Alert discusses the amendments to IFRS 17 related to making the transition to IFRS 17 easier, their impact on insurers and likely impact on PSAK 74. It then discusses the revised transition requirements of the amendments aimed at making results easier to explain.