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Insurance IFRS 17 series - Overview of new standard

Insurance IFRS 17 series - Overview of new standard

The International Accounting Standards Board’s (IASB) long-awaited insurance contracts standard was finalised in May 2017.


Key Contact

Simon Nicholas

Partner: Audit and Advisory

KPMG in the Isle of Man


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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:

  • the key business, financial and systems impacts that the change will bring
  • up to the minute analysis of the latest emerging issues
  • an approach designed to help you analyse and plan to address the changes.

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

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