There is no shortage of challenges associated with IFRS 17. The data, systems, judgement application, and business process complexity of the Standard has been well documented.
In our recent whitepaper, “PAA: An unexpected challenge for General Insurers?” we examined some of the complexities associated with implementing PAA in the real world.
With the world moving to a Software as a Service (SaaS) based model for applications used across business units, it’s interesting to look at why we are seeing insurers opt for a public/private cloud or on-premise deployment for IFRS 17...
Once again, the International Accounting Standards Board (IASB) has decided to defer the effective date of the IFRS 17 standard to annual reporting periods beginning on or after 1 January 2023. The Board also decided to extend the exemption...
Recently, we participated in the IFRS 17 event hosted by InsuranceERM. The conference was well attended with over 120 senior finance leaders present. It drew speakers from major insurers across Europe including Allianz, AIG, and Ageas Group as...
Recently we joined up with Deloitte to host an IFRS 17 round table event in Sydney. We were joined by finance leaders at seven insurers across the Life, General and Reinsurance space. The discussion was lively and touched on the wide range of...
Yesterday, I had the pleasure of leading a panel discussion at the InsuranceERM IFRS 17 Event in London. Finance leaders from global insurers Aviva, Assicurazioni Generali SpA, Allianz, and Gjensidige Forsikring ASA joined me on the conference...
14th January 2019
Accounting Change & Compliance |
IFRS 17 |
Finance Transformation |
Accounting Hub
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.
IFRS 17 is a new accounting paradigm for insurers requiring significant changes to accounting treatments. Unlike Solvency II and other insurance regulations before it, IFRS 17 compliance requires a much greater degree of collaboration between...
IFRS 17, and now it's FASB counterpart, ASC 944, continues to be a hot topic of discussion among insurers. We've pulled together a list of some recent content from the last few weeks in case you missed it.
