IFRS 17
The statutory requirements of IFRS 17 are forcing a massive disruption and ultimately a transformation within the insurance industry. No IFRS compliant insurer will be able to escape the profound changes in their operating model, accounting policies, and subsequent accounting system outputs and flows.
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Watch NowWEBINAR - Life after IFRS 17
Learn about how to fully leverage technology, finance, and actuarial investments in IFRS 17 for strategic business priorities.
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Watch NowWebinar - Creating a Modern Workplace for Insurers
The complexity of consumer expectations, regulatory adoption pressures, and rapidly shifting market conditions have driven hyper-digitization in the insurance community.
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Mutual insurance financial statements are here
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Read ArticleActuarial Work and IFRS 17: The Role Actuaries Will Play
Article #6 - Model changes sometimes sound simpler than they really are. One constant in our IFRS 17 projects is that change ends up being more complex and require more resources than anticipated.
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Read ArticleDisruption and transformation at your doorstep
Article #1 - While the timing of the implementation of the standard has been well known, time is now of the essence.
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Read ArticleThe standard vs. implementation realities
Article #2 - Reading of the standard is, for the experienced reader, a relatively straightforward exercise. However, interpreting the requirements of the standard into actual operationalized
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Read ArticleTechnology Solution Point-to-Point vs. Data Hub
Article #3 - Compliance can’t be achieved without substantial alignment of supporting IT systems to match new accounting policies, data accessibility and data analytics/reporting
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Ready for IFRS 17? Let BDO help get you on track with an IFRS 17 assessment
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Read ArticleIFRS 17: Don’t underestimate the complexity
Article #4 - Many of our clients originally underestimated the work needed to comply with the standard. For most short-term business, the premium allocation approach (PAA) can be used and it generally
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Read ArticleTechnology Solution – The Right Strategy for Data
Article #5 - By now, most insurers have established an IFRS 17 implementation plan and are working on the design of their solution.
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Read ArticleThe Standard vs. Implementation Realities
Article #7 - When many insurers think of implementing IFRS 17, they may not recognize there other standards that may also need to be applied—including IFRS 9 for in-scope assets, and potentially IFRS
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Watch VideoAccelerate Adoption of IFRS 17
Given the investments required for IFRS 17 and the impact to the business, many insurers have their sights set on targeted outcomes well beyond standard compliance.
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Watch VideoPragmatic IFRS 17 Solutions in Action
With the significant level of change impacting systems, processes, and people resulting from IFRS 17, Caribbean insurers are looking for implementation strategies that will achieve compliance
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Watch VideoImplementing IFRS 17: It's Time for a Straight Line to the Finish
It’s essential for businesses to have a comprehensive cross-functional strategy and collaborate with the finance, actuarial, and IT departments for implementing these new tools.
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Watch VideoCritical Milestones for Foreign Branches in 2021
IFRS 17 is expected to have a significant impact on the way insurance and reinsurance contracts are recognized, measured, and presented.
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59:22Watch VideoIFRS Update – The impact of COVID-19 | BDO Canada
This training session covers the accounting and assurance issues related to COVID-19 for those reporting under IFRS. The focus of this session is on the implications of March 31, 2020 period-ends. The
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