Counting down to IFRS 17
How will IFRS 17 influence reward KPIs?
The latest IFRS 17 webcast is now available to watch!
Watch the latest webcast in our Counting down to IFRS 17 series to see possible ways of addressing the challenges that the standard creates around the design of Total Rewards by developing customized solutions that integrate with the requirements of IFRS 17.
The discussion covers:
- The relationship between IFRS 17 and reward KPIs;
- Which KPIs are affected and how they will change;
- Broader effects of IFRS 17 on reward KPIs; and
- An exemplary project plan in implementing the necessary changes.
IFRS 17 Insurance Contracts redefines the calculation of certain financial metrics and thereby establishes a new framework for corporate performance measurement. It's expected that most performance metrics will change considerably under the new standard and as a result, individual performance assessments linked to these values will need to be re-evaluated - especially at the executive and management level.
Read IFRS in Focus newsletter summarising the new standard and download the Infographic dedicated to IFRS 17.