- Allan Buitendag, National Insurance Leader
Standardizing the accounting is a desirable goal that comes at a significant cost and has important business impact. But it also comes with great opportunity.
PwC's Alodie Brew and Marco Fillion deliver a presentation about the impact of the new International Financial Reporting Standard (IFRS 17) on both Life and P&C insurers. Discover the top 10 questions insurers should be asking and find out the next steps.
PwC is a worldwide leader in insurance finance and actuarial conversions. Our IFRS 17 team brings you leading thinking from its global experience and uses it in a way that’s relevant to you. Our accelerator tools for impact assessments, financial modelling, target operating model design, budgeting and project management will help you hit the ground running. We’ll work as an integrated team with you to ensure alignment and knowledge transfer for you to take control and be ready by January 1, 2021.
Redefining insurance accounting
The following is an overview of the key features and challenges of IFRS 17, as well as suggestions on how insurers can approach the implementation of the new standard.
Property and Casualty Insurers - Are you prepared for IFRS 17?
An overview of the key features and challenges of IFRS 17, as well as suggestions on how P&C insurers can approach the implementation of the new standard.
In May 2017, Alodie Brew and Marco Fillion delivered a presentation about the impact of IFRS 17, the top 10 questions insurers should be asking, and the next steps.
IFRS 17 (previously IFRS 4 Phase II) is expected to be issued in early 2017 with an effective date of 2021.
The new international financial reporting standard (IFRS) for insurance contracts, commonly referred to as IFRS 17, is now expected to be released in May 2017, with likely an effective date of 2021.
After many years of deliberations and consultation, the new accounting standard for insurance contracts (IFRS 4 Phase II) appears to be approaching the final stages. The IASB is working towards issuing the final standard in 2016.