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 requires a much greater degree of collaboration between actuaries,...

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. 

If you work for an insurance company and you report under IFRS GAAP, you no doubt have seen the decision by the International Accounting Standards Board (IASB) to delay the implementation of IFRS 17 for one year to 1 January 2022. 

Two things to consider before adopting the Premium Allocation Approach under IFRS 17

We recently released our Global IFRS 17 Readiness Assessment (GIRA) Q3 survey results which revisits our base of insurers to see how IFRS 17 projects have progressed since the first report was released in January of 2018.

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 Power of Combined Minds

Like our previous roadshow events in Toronto & NYC, we welcomed a mix of finance leaders, accountants, actuaries, and advisors to discuss IFRS projects and considerations.

The Power of Combined Minds

Our theme of 'The Power of Combined Minds' was definitely evident in this week's IFRS 17 Roadshow Events in Toronto and New York City.  Finance, IT and Actuarial leaders from many global insurers listened intently to...

Today's CFOs may be feeling a bit overwhelmed when they consider the storm of accounting regulations that is approaching. New accounting standards around leasing (ASC 842/IFRS 16), insurance contracts (ASC 942/IFRS 17), revenue recognition (ASC...