There is no doubt about it - accounting subledgers are a hot topic of conversation in the world of insurers. And from what we have seen, it's IFRS 17 which is shining this new-found spotlight on subledgers and subledger strategy.
Two things to consider before adopting the Premium Allocation Approach under IFRS 17
Our IFRS 17 experts are frequently finding themselves in an industry debate over where the responsibility and resolution of IFRS 17 regulatory compliance sits…is it an actuarial issue? Or accounting?
The deadline for IFRS 16/ASC 842, the new lease accounting standards, is approaching fast, with public companies needing to be compliant for reporting periods after 15th December 2018 (ASC 842) or 1st January 2019 (IFRS 16.) Private companies...