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Illustrative disclosures for insurers

Illustrative disclosures for insurers

Guide to annual financial statements: IFRS 17 and IFRS 9

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Illustrative disclosures for insurers

Our guide help you to prepare financial statements in accordance with IFRS. They illustrate one possible format for financial statements prepared under IFRS.

This guide is based on a fictitious multinational insurer that is not a first-time adopter of IFRS. It illustrates example disclosures for an annual period beginning on 1 January 2021, when IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments are applied for the first time. It assumes that the temporary exemption from IFRS 9 was applied before 1 January 2021.

IFRS 17 is a new and complex standard, and the interpretation of its requirements is subject to ongoing discussions. This guide does not pre-empt this process. Instead, it aims to help insurers understand the disclosure requirements so that they can consider these requirements in planning their implementation project.

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