IFRS 17
Nuanced, comprehensive—and challenging
For the first time, European-listed insurance firms have published their annual reports for the 2023 fiscal year, incorporating comprehensive information under International Financial Reporting Standard 17 (IFRS 17).
In the rapidly evolving insurance industry, process improvements have become a critical aspect of maintaining competitiveness, reducing costs, and reducing operational risk.
In this brief discussion paper, we analyze how companies' business choices have changed with the introduction of Solvency II....
IFRS 17 represents a major change in financial reporting for the European insurance industry....
