IFRS 17 Insurance

RegulatoryAssist

IFRS 17, IASB’s new standard for insurance contracts, will come into effect January 1, 2023. Deloitte IFRS 17 specialists are committed to helping insurers of all sizes design pathways to implement the new standard. Unique facets of each company require different policy decisions and varying levels of automation—there is no one size fits all solution.

Speak with one of our accounting, actuarial, or technology industry specialists to develop a plan for navigating your IFRS 17 implementation pathway.

Discover and experience the Regulatory Assist difference

The Regulatory Assist IFRS 17 solution was created to enable IFRS 17 deployment for both P&C and Life Insurers.

It offers a suite of accelerators to enable insurers to deploy their IFRS 17 solutions at a lower predictable cost and with the quality and confidence expected to achieve minimum compliance on time and on budget.

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Events

You are invited to our IFRS 17 Implementation Forum 2022

As insurer's across Canada are progressing through the home stretch of their respective core IFRS 17 implementations, our forum offers the chance to hear from our insurance leaders on a wide range of related topics including: testing challenges, pre and post go live considerations, and commentary on enhancements insurers can make now to aid with optimizing their IFRS 17 audit experience.

During this forum, you’ll explore:

  • Reporting and chart of account considerations
  • IFRS 17 data testing
  • Pre and post technical go-live considerations
  • Getting ready for audits under IFRS 17


Request a recording of the webcast

You are invited to our June 2021 IFRS 17 Implementation Forum

During this forum you’ll explore:

  • Insights on reporting Key Performance Indicators (KPIs) under IFRS 17 and
  • Risk Share Pooling & IFRS 17 Reporting with our guest speakers


Request a recording of the webcast

IFRS 17 Implementation Forum 2021

During this forum, we will share our insights on practical considerations, implications, and capabilities required to operationalize complex IFRS 17 functionalities required by P&C insurers.

Deloitte continues to support and advise the Canadian and Global Property & Casualty community. Whether you are well along on your journey or just starting out, our forum provides an opportunity to hear from your peer group and learn to overcome common implementation challenges to help you decide the right path forward for your organization.

Deloitte’s Reporting Assist for IFRS 17

The Deloitte Reporting Assist is a cost-effective cloud-based solution to support P&C insurers in achieving efficiency and collaboration in the reporting process. The solution leverages existing actuarial and finance systems to prepare pro-forma financials as well as disclosures.

Review IFRS Assist features

Reporting Assist is powered by Workiva and offers solutions for both large and smaller insurers:

  • For PAA reporting, the solution bridges IFRS 4 and IFRS 17 with minor adjustments to existing actuarial and finance systems.
  • For more complex insurers, the solution connects with other IFRS 17 vendor solutions to accelerate production of statements and disclosures.