Implementing the new and recently updated requirements of IFRS 17 Insurance Contracts will inevitably present challenges. For many, there's still a lot of work to do to prepare for the effective date of 1 January 2023.
Now fully updated to reflect the revised version of IFRS 17, our First Impressions: 2020 edition provides our detailed analysis and insight on the amended standard, and considers how it may affect insurers' financial statements.
We hope it will help you to meet the challenges of implementing this complex standard and to ensure that your business is well prepared for 2023.
For further details on IFRS 17, contact Simon Nicholas.