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Hong Kong Insurance Implementation Support Group





HKFRS 17 Insurance Contracts represents a fundamental change to existing practice for most entities issuing insurance contracts. In view of the magnitude of the change, the Institute will support implementation of HKFRS 17 through a variety of activities—including establishing a Hong Kong Insurance Implementation Support Group ("HKIISG").


The objectives of the HKIISG are to:



solicit, analyse, and discuss stakeholder questions raised regarding implementation of HKFRS 17;

(b) provide a forum for stakeholders to follow the discussion of questions raised;
(c) identify implementation issues which need to be brought to the attention of the IASB's Transition Resource Group on IFRS 17 Insurance Contracts
(d) identify areas of focus for educational activities; and
(e) provide recommendations for the the Institute's Financial Reporting Standards Committee (FRSC) to consider, which may include submitting a question to the IFRS Interpretations Committee or writing to the IASB.
The HKIISG will have no authority—no decisions, interpretation or guidance will be issued by the HKIISG.


How to submit a question


Questions may be submitted by those implementing the new standard. The questions must meet the following criteria:


must be focussed on, or arise from, implementing HKFRS 17; and


may result in possible diversity in practice—any question submitted should include a detailed description of the possible ways in which HKFRS/IFRS 17 could be applied.

Once you have determined your question meets the criteria for submission, please complete the submission form (PDF / Word) and email it to  Your question must include the following details: 

what the question is

background to the question; and


why it is being asked (for example, does the question arise because: it is unclear how to apply a specific requirement in the standard; there is an inconsistency within the standard or with other HKFRS standards; or the requirements of the standard is impracticable, etc.)


Incomplete or irrelevant submissions may not be noted nor discussed at HKIISG meetings.


Submissions should be received at least 3 weeks prior to the HKIISG meeting.



 For reference:

Australian TRG

 file/media/general/SMP-and-SME-Resource-Centre/901BTRIBe.gif Canadian TRG