IFRS 17 should make insurers more comparable to other financial services entities like banks and asset managers. How will insurers fare in comparison? Will they look smaller than before? Less attractive from a profit to revenue or a profit from risk-taking perspective?
IFRS 17 has major risk implications, particularly in the areas of:
We discuss these and other topics in our video series.
From the perspective of the risk agenda, insurers should take the following actions:
Insurance Risk & Capital Services Leader, PwC US