Skip to main content
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

Article

Assumption setting in an uncertain world: Beyond frameworks and false precision

In the wake of rare events, volatility, and evolving accounting regimes such as IFRS 17, we explore what really matters in assumption setting.

Read the articleNavigation Arrow
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.

Read the articleNavigation Arrow
Survey results

IFRS 17 in Portugal: A general overview after implementation

Status and outlook one year after the standard’s adoption

Read the articleNavigation Arrow
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.

Read the articleNavigation Arrow
Products

Related Milliman products

IFRS readiness and GASB75 compliance
IFRS readiness and compliance

Milliman IFRS 17 Readiness Assessment Tool

Monitor and assess IFRS 17 readiness and compliance, and plan remaining tasks effectively.

Learn moreNavigation Arrow
Financial modeling and industrialization
Financial modeling & industrialization

Integrate

Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.

Learn moreNavigation Arrow
Software performance enhancement
Financial Modeling Platform

Milliman Mind IFRS 17 module

Milliman Mind is a flexible and easy-to-use web-based platform that offers you a cost-effective IFRS 17 calculation tool.

Learn moreNavigation Arrow
Predictive analytics
Economic Scenarios Generation

Milliman Economic Scenario Generator

The Milliman Economic Scenario Generator is a cloud-native economic scenarios generator that provides advanced modelling capabilities for both risk-neutral and real-world applications. The Milliman Economic Scenario Generator delivers secured regulatory compliance as well as production efficiency through its reactive web interface and integration-ready API.

Learn moreNavigation Arrow
Services

Related Milliman service

We’re here to help

Ask the tough questions. We’re ready for them.