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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.

Navigating choices

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

Insight

Report

IFRS 17 Benchmarking: Our key observations on the 2024 annual reports

In our analysis of 55 life insurers in the new reporting format under IFRS 17, we highlight financial positions, KPIs, and differences across Europe and beyond.

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Survey results

IFRS 17 in Portugal: A general overview after implementation

Status and outlook one year after the standard’s adoption

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White paper

IFRS 17 hedging: A case study on an Italian segregated fund

As many life insurance companies are struggling with volatility due to IFRS 17, we show how to mitigate the problem for products under the variable fee approach.

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White paper

Twelve lessons learned: IFRS 17 in Spanish and Portuguese markets

Milliman experts explore the significant impact of IFRS 17 on insurance companies' financial statements. This document highlights key methodological choices and their implications, based on our extensive experience with clients in Spain and Portugal.

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