Cathay Financial Holding Co Ltd IFRS 17 Transition Conference Call Transcript
Welcome everyone to Cathay Financial Holding Company's IFRS 17 Transition Conference Call. (Operator Instructions)
Now, I would like to introduce Mr. CK Lee, President of Cathay Financial Holding Company. Mr. Lee, please begin.
Okay. Good afternoon and good morning to those in Europe. Welcome to Cathay Financial Holdings IFRS 17 Transition Conference Meeting. I am CK Lee. Thank you for joining us today.
Before we begin, let me introduce the senior management team joining us today. Ms. Grace Chen, CFO of Cathay Financial Holdings; Mr. Chao-Ting, newly appointed President of Cathay Life; Mr. [Jack Chen], Senior EVP of Cathay Century.
Taiwan's insurance industry officially adopted IFRS 17 on January 1 this year. Earlier today, we held a Board meeting to brief our directors on the key financial impact of the transition. In today's analyst meeting, we would like to walk you through the major changes and the social impact of the IFRS 17 transition.
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