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The new IFRS standard for insurance contracts promises to have a transformative effect on insurers' financial reporting.
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.
A new global accounting standard poses operational and strategic challenges.
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
IFRS 17 requires preparers of accounts to derive discount rates for the…
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The International Financial Reporting Standard for insurance contracts and US…
International Financial Reporting Standard 17 (IFRS 17) represents a fundamental…
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Insurers should carefully examine the consequences and reasonableness of…
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At the January 2019 IASB meeting, four issues regarding criteria by which any…
Milliman consultants have produced a summary of the March IASB meeting and the…
Since the publication of IFRS 17 in May 2017, the insurance industry has begun…
Milliman consultants have prepared a summary of the key points arising from the…
This presentation, given at the Society of Actuaries in Ireland’s annual…
At the end of 2018, Milliman conducted a global survey to measure the…
This report focuses on the preparedness of Turkish insurers and reinsurers for…
This briefing note discusses considerations when determining the Fair Value of…
Monitor and assess IFRS 17 readiness and compliance, and plan remaining tasks effectively.
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