Love it or loathe it, IFRS 17 is on its way
24 Jul 2017
IFRS 17 is here. After more than a decade in the making, the International Accounting Standards Board has now published International Financial Reporting Standard 17: Insurance Contracts.
While it is an accounting standard, it’s not just for accountants. The complexity of calculations and amount of judgement required on methodology and processes mean that actuarial teams will be involved in financial reporting much more than ever before.
Although the effective date of 1 January 2021 might seem far off, the changes introduced by IFRS 17 and the effort required for implementation will be significant. So now is the time for firms to drill into the detailed requirements of the new standard and to understand the wide-ranging implications across the business.
Watch our webinar replay where our team of experts:
Analysed the new standard, summarising some of the key points you need to be aware of
Discussed some of the major operational and strategic impacts
Gave our attendees the opportunity to share their thoughts and pose questions to our panellists
Who should view this webinar?
Finance managers, directors and actuaries working within the life industry
Those interested in insurance industry regulation and financial reporting developments