Insurance Accounting Insights
New IFRS on Insurance Contracts finally published
The International Accounting Standards Board's decision to issue the new standard for Insurance Contracts sets the scene for well-planned implementation activities. Deloitte's Insurance Accounting Insights Publication series will provide Deloitte's point of view on issues that insurers are likely to face in their IFRS 17 journey to implementation.
Data management in the new world of insurance finance and actuarial
IFRS 17's technical requirements are expected to lead to a significant increase in data volume in the finance and actuarial functions. These requirements also accentuate the need to have high quality data that is accurate and auditable to support the financial reporting process.
This edition of Insurance Accounting insights describes how the work to address IFRS 17 fit with the approach insurance companies take on data management.