Irdai defers accounting rule implementation for insurers

The Insurance Regulatory and Development Authority of India
(Irdai) has delayed the implementation date of new accounting rules
for insurers from April 2018 to April 2020.
The review was prompted by the International Accounting
Standards Board, which last month unveiled the timetable for thelaunch of IFRS 17, an international accounting standard that
will replace the existing IFRS 4 framework.
At a meeting of board members last month, Irdai noted that the
implementation of the Indian Accounting