IFRS 17: Critical milestones for foreign branches in 2021 | BDO Canada
IFRS 17 is expected to have a significant impact on the way insurance and reinsurance contracts are recognized, measured, and presented. With the start of the comparative period for IFRS 17 less than a year away, it’s critical that foreign branches of both life and property and casualty (P&C) insurers have a clear path forward to implementing their IFRS 17 solution. This webinar reviews the required IFRS 17 milestones in 2021 and 2022 as well as key technical and operational considerations for P&C and life foreign branches. BDO Canada and Valani Global practitioners present options where insurers have internally adopted the platforms to implement the standard or subscribe to externalized managed services options to minimize the impact on their organization. Our accounting professionals outline an approach to jumpstart the adoption of the standard based on lessons learned from some front-runners.
