Introducing IFRS 17 | KPMG | UK

Introducing IFRS 17

Introducing IFRS 17

A new perspective on insurance accounting

A new perspective on insurance accounting

The new IFRS 17 insurance contracts' accounting standard conveys greater comparability and transparency for investors and analysts.

For insurers, the introduction of the new standard brings both benefits and challenges. Insurers will need to gain an understanding of the accounting changes and its impacts on their businesses.

While IFRS 17 represents the biggest accounting change for insurers in many years, the impacts will be felt far beyond accounting, touching on several areas such as finance, actuarial, IT, and even regulatory departments.

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