How are insurers coping in the run-up to adoption?
“It’s important for insurers to remember that even if there were to be a potential change in the implementation date of 2021, the reason for any potential deferral would be because there's so much they need to be doing to prepare.”
Mary H. Trussell
“Many are going to face real issues if they don’t get a move on. There is no magic bullet, no one size fits all. All insurers have different business models, regulatory environments, systems and processes.”
Our Insurance topic page offers a wide range of materials that will help you transition to the new standard, whatever stage you're at. Visit our IFRS Today landing page to view other episodes in this series.
© 2020 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.
© 2021 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.