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IFRS 17

Nuanced, comprehensive—and challenging

The new IFRS standard for insurance contracts promises to have a transformative effect on insurers' financial reporting.

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Integrated expertise required

IFRS 17 is expected to raise a number of practical challenges for insurance companies. It is an accounting standard, but implementation will require a multi-disciplinary program with involvement from accounting, risk management, and actuarial teams.

Video

IFRS 17: A daunting new requirement for insurers

A new global accounting standard poses operational and strategic challenges.

Video

The choices insurers face when implementing IFRS 17

Milliman consultant Thomas Bulpitt talks about the choices insurers make when implementing IFRS 17 and how insurers should handle risk adjustment.

This video was produced by InsuranceERM

Report

IFRS 17 benchmarking: FY 2023

This analysis focuses specifically on evaluating the performance or value creation among 23 insurance companies.

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Briefing note

Process improvements & efficiencies: Getting more with less

In the rapidly evolving insurance industry, process improvements have become a critical aspect of maintaining competitiveness, reducing costs, and reducing operational risk.

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White paper

Impact of rising interest rates globally: A blessing or a curse for the solvency position?

With rising rates and high inflation, insurers worldwide need robust frameworks and nimbleness in the once slow moving and stable world of life insurance.

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White paper

How might IFRS 17 change European insurance M&A?

While we don’t expect IFRS 17 to fundamentally change insurance mergers and acquisitions in the short term, European insurers will likely increasingly focus on results over time.

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