Navigating the complexities of IFRS 17 – May 2021

With many technical accounting decisions being made and the transition date just around the corner, obtaining assurance on decisions made and reducing interpretation risk are on the agenda.
Reinsurance remains one of the most challenging areas and other less obvious implications, such as tax reporting, are also being revealed. As the transition date draws nearer, issues such as new data requirements will determine the feasibility of the target approach. During our webinar our expert speakers provided guidance on how insurers can prepare for IFRS 17 implementation challenges. Our panel shared their views on planning for the final stage, including tasks to anticipate. Topics included: Assurance, Reinsurance, Transition, Tax implications and Dry runs and moving into BAU.