Finance17 June, 2019

Five Common Pitfalls of IFRS 17 Compliance

In this article, we explore common IFRS 17 compliance mistakes and how you can avoid them. 

Created to improve the transparency of the insurance companies, IFRS 17: Insurance Contracts brings both opportunities and challenges.

On the one hand, IFRS 17 gives insurers a chance to improve their insight into profitability and a platform to up investor confidence. On the other hand, setting a foundation for compliance isn’t easy. IFRS 17 tasks insurers with an array of compliance obligations including new calculations, granular data disclosures, tedious reporting requirements, and a need for stringent governance and control.

In Five Common Pitfalls of IFRS 17 Compliance, we explore five common IFRS 17 pitfalls, so you take action to avoid them.

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