Audit & Assurance Services
Ifrs 17 insurance contracts advisory/ implementation
All insurance companies and pension funds will eventually have to transition to IFRS 17. To ensure a quality and on-time transition, it is imperative to get prepared well in advance and plan for the significant changes and challenges inherent in the new standard.
To help companies understand the scope of the changes they need to implement, we can:
- Conduct a high-level assessment of how the requirements of IFRS 17 will impact a company’s financial results
- Benchmark the new requirements against current reporting methodology and actuarial models
- Analyse and evaluate the capacity of current systems against the requirements of IFRS 17
- Identify which methodological approaches need to be adjusted or developed to meet the requirements of IFRS 17.