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IFRS 17

Nuanced, comprehensive—and challenging

The new IFRS standard for insurance contracts promises to have a transformative effect on insurers' financial reporting.

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Integrated expertise required

IFRS 17 is expected to raise a number of practical challenges for insurance companies. It is an accounting standard, but implementation will require a multi-disciplinary program with involvement from accounting, risk management, and actuarial teams.

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video

IFRS 17: A daunting new requirement for insurers

A new global accounting standard poses operational and strategic challenges.

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Article

IFRS 17 preparedness: 2018 survey feedback

Milliman conducted a survey to measure the preparedness for IFRS 17 among insurers. The survey had 71 questions, and Milliman received responses from more than 115 companies around the world.

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Financial modelling & industrialisation

Integrate

The business challenges of implementing IFRS 17are top of mind for many in the industry, including Milliman. With Integrate, we've built a powerful, comprehensive ecosystem that allows you to focus on your business, not your IT.

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White paper

Impact of rising interest rates globally: A blessing or a curse for the solvency position?

With rising rates and high inflation, insurers worldwide need robust frameworks…
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White paper

How might IFRS 17 change European insurance M&A?

While we don’t expect IFRS 17 to fundamentally change insurance mergers…
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Article

Setting discount rates under IFRS 17: Getting the job done

IFRS 17 requires preparers of accounts to derive discount rates for the…
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Article

Setting discount rates under IFRS 17: Getting the job done—Paper 2: Setting the approach

This paper is part of a series covering the overall process for discount rates…
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Article

Setting discount rates under IFRS 17: Getting the job done - Paper 3: Some practical considerations for reference portfolios

The principles-based approach under International Financial Reporting Standard…
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Article

IFRS 17: Deriving the confidence level for the Risk Adjustment: A case study for life (re)insurers

This paper presents a solution to address (re)insurers’ challenges,…
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Article

IFRS 17 vs. US GAAP LDTI: Different animals?

The International Financial Reporting Standard for insurance contracts and US…
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Article

Impact of IFRS 17 on insurance product pricing and design

International Financial Reporting Standard 17 (IFRS 17) represents a fundamental…
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Article

Setting discount rates under IFRS 17: Getting the job done

IFRS 17 requires preparers of accounts to derive discount rates for the…
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Issue Brief

Amendments to IFRS 17 from April 2019 IASB Meeting

At the April IASB meeting, the Board discussed the next steps for the process of…
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Article

IFRS17 coverage units for CSM amortization

Insurers should carefully examine the consequences and reasonableness of…
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Meet exacting standards while managing the operational and strategic implications with our modelling, actuarial, and consulting skills.

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