The Angola Insurance Authority (ARSEG) has approved a new mandatory chart of accounts for insurance and reinsurance companies, setting a standardised accounting framework aligned with International Financial Reporting Standards (IFRS/IAS) while excluding IFRS 17. The new chart of accounts is adopted through Regulatory Standard No. 01/26 of 18 March and is based on IFRS/IAS, with IFRS 4 remaining in force in place of IFRS 17. The standard has retroactive effect from 1 January 2026, but application becomes mandatory from 1 January 2027, meaning 2027 financial year accounts to be reported in 2028 must be prepared under the new chart of accounts, with the intervening period intended to allow adjustments to accounting and operational systems.
Angola Insurance Authority (ARSEG) 2026-03-31
Angola Insurance Authority approves mandatory chart of accounts for insurers and reinsurers based on IFRS with IFRS 4 retained instead of IFRS 17
The Angola Insurance Authority (ARSEG) has adopted a new mandatory chart of accounts for insurance and reinsurance companies via Regulatory Standard No. 01/26 of 18 March, establishing a standardised framework aligned with International Financial Reporting Standards/International Accounting Standards while retaining IFRS 4 instead of IFRS 17. The standard applies retroactively from 1 January 2026 and becomes mandatory from 1 January 2027, with 2027 financial statements prepared under the new chart of accounts.