Sunday, August 6th, 2023
The new IFRS 17 standard for the accounting of insurance contracts is mandatory for IFRS accounts from this year onwards. In the time since its publication, we discovered that it creates significant challenges in re-assessing margin expectations and reflecting the outcome in the financial statements. As we will show in this article, this applies in particular to ceded reinsurance – an area, not many companies have paid enough attention to so far.
Read More: Reinsurance under IFRS 17: Many devils in the details
