Building up to IFRS 17 for insurance contract reporting
15 Aug 2017
Understanding the new reporting standard for insurance contracts
IFRS 17 has arrived. 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.
Our team of experts have prepared an in-depth paper to help you understand the rules of the new standard, the operational and strategic impacts it will have, and the key decisions that you will need to make ahead of implementation.
To help those working in this area to really get underneath what’s going on, the paper also includes a series of detailed case studies setting out how the calculations are carried out and disclosed.
Implementing IFRS 17 is likely to be as tough as the implementation of Solvency II – download our paper to equip yourself early with the details and knowledge needed to ensure a smooth implementation and transition.
We also recently hosted a webinar where we analysed the new standard, its impact, and summarised the key points that you need to be aware of. You can view a recording of the webinar here.