IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2023, replacing existing IFRS 4 on accounting for insurance contracts. This replacement will be significant to insurers & reinsurers, including financial reporting, actuarial valuation, asset liability management and risk management.

We participate in the implementation of IFRS 17 especially in actuarial modelling, including getting ready the base models before applying IFRS 17 modelling, as well as setting up IFRS 17 calculations and processes for BAU reporting. Among references used in our implementation work are:

IFRS Foundation & Accounting Bodies

Examples & Illustrations

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