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IFRS 17 is an opportunity to rethink and revolutionise accounting and steering in the Insurance industry
Implementing IFRS 17 implies a major transformation in actuarial and finance reporting processes, systems and data. The key challenge for insurance companies right now is to take the most appropriate decision that best fit their needs and aspirations for their Finance Operating Model.
The forthcoming IFRS 17, a new round of field tests for insurers
Why should you use a Target Operating Model for Insurance IFRS?
IFRS-Related Services for Insurers
IFRS is currently applied by a vast number of insurers globally. The new accounting framework introduced by IFRS 17 and IFRS 9 for financial instruments is considered the most significant accounting change since the publication of IFRS 4.
Implementing the new IFRS 17 in your business
The implementation of IFRS 17 will bring significant challenges for insurers that apply IFRS. The new accounting framework for insurance contracts is considered the most significant accounting change since the publication of IFRS 4.
Applying IFRS 9 for Insurers
IFRS 9 will be effective from 1 January 2018 and early adoption is permitted. The EU endorsement of IFRS 9 is still in progress and is expected to happen before the effective date of IFRS 9.
IFRS Processes, Controls and IT Advisory Services
Insurers depend on technology as never before. The recent introduction of IFRS 9, IFRS 17 and other complex accounting rules in IFRS will pose a significant challenge for insurers in Switzerland and other countries