IFRS 17: Fair Value Approach to Transition

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By Joseph Sloan, Rik van Beers, Andrew Kay | 09 December 2019
The approach to IFRS 17 transition is an important one because of the potentially significant impact on companies’ balance sheets and future profits. Where a full retrospective approach is impractical, the Fair Value Approach can provide a practical alternative. However it is important for companies to assess and understand the impact to ensure an optimal approach. This briefing note discusses considerations when determining the Fair Value of insurance liabilities.

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