The new international financial reporting insurance standard IFRS 17, was published on May 18, 2017. The standard will apply from January 1, 2021, to the consolidated financial statements of listed insurers.
IFRS 17 is the new standard for accounting of insurance contracts. The IASB's goal is to increase transparency and comparability in the reporting of insurance contracts through the introduction of IFRS 17. The standard is expected to result in major changes in existing accounting systems, actuarial calculation models and data flows. With SI Consulting’s broad competence in IFRS 17, we help clients with the preparation of the new standard and complete the implementation.
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