Tag Archives: IFRS 17

IFRS 17: Tinder for insurance accountants and actuaries?

Businesswoman check data in smartphone and tablet

As the International Accounting Standards Board (IASB) irons out a number of kinks in IFRS 17, one thing that won’t change is the need for actuarial and finance teams to work seamlessly to hit reporting deadlines once it’s implemented. Continue reading →

IFRS17: More snakes than ladders for property & casualty insurers?

Close up of a hand, moving a pawn around the holes of a wooden Snakes and Ladders game board

On first sight, the requirements of the new IFRS17 global accounting standard that will come into effect on January 1, 2021, appeared none too daunting for property and casualty (P&C) insurers. In general, such insurers appeared pretty relaxed, even nonchalant, … Continue reading →

Don’t let your actuaries sit on the bench on IFRS17

Accountant adding figures on a calculator

IFRS17 may be an accounting standard, but getting ready for it requires serious actuarial input. The January 1, 2021 live date for the new international insurance accounting standard, IFRS17, is somewhat deceptive. The reality is that, due to the need … Continue reading →

Unbundling insurance components under IFRS 17: when is a contract not a contract?

close up of a person signing a set of documents

With the countdown to the implementation of the new global insurance accounting standard – IFRS 17 – well and truly on, insurers are (or should be) trying to understand what changes they’ll need to make to comply. In getting into … Continue reading →