IFRS 17 is a new reporting standard for insurers that comes into effect on 1 January 2023. Is your organization ready?

We understand that IFRS 17 is one of the most fundamental changes to have occurred to insurance accounting. Deloitte's aim is to take a challenging exercise and guide insurers through IFRS 17 implementation every step of the way.

IFRS 17 Implementation Factsheet

We provide an overview of the incorporation process, an understanding of the benefits and the operation of captives. Bermuda has a strong reputation as a robust financial center and has been the premier domicile for captive programs since their inception. Bermuda also has the added benefit of being a one-stop shop for the full suite of services required by a captive including skilled professionals, management companies, attorneys, auditors, banking, and investment services.

Captive Insurance in Bermuda

As the capital and insurance markets continue to converge, market participants need a robust and consistent approach to fair value measurement and disclosure. This will enable more comprehensive and precise representations of a fund’s net asset value, leading to better-informed decision-making for all stakeholders.

Fair valuing - insurance-linked securities