The International Accounting Standards Board’s (IASB) long-awaited insurance contracts standard was finalised in May 2017.
Insight and analysis on the impact of IFRS 17.
Financial results will be very different from how they are reported today, challenging investors, analysts and other stakeholders. By 2021, this will all need to be business as usual – and insurers and everyone working in the industry will need to have learned a whole new language.
To help you navigate through the changes, we will host a series of webcasts focusing on key aspects of the standard, the business impacts, and how they can be best addressed to ensure an efficient and secure transition.
The focus will be on:
Undertaking a thoughtful and focused impact assessment can help you plan to deliver these changes securely, efficiently and in a timely, cost effective manner. Our approach is distinctive, recognising that this is more than just a technical accounting and actuarial issue.
Our first webcast provides a succinct summary of the standard in a 60 minute webcast.
Webcast: IFRS 17 standard
If you would like to discuss this further, please feel free to contact a member of KPMG's Insurance IFRS team.