Insurers that report on an International Financial Reporting Standards (IFRS) basis were required to apply IFRS 17 Insurance Contracts for annual reporting periods starting on or after January 1, 2023.
With only a few weeks remaining before the implementation of IFRS 17 on January 1, 2023, we revisited the topic with FCIAs and Co-Chairs of the IFRS 17 Steering Committee, Sati MacLean and Les Rehbeli.
In the second episode of a two-part series, FCIAs Sati MacLean and Houston Cheng return to talk about financial condition testing, key performance indicators and other aspects of IFRS 17 that P&C actuaries need to think about before the end of the year.
The end is in sight for the implementation of IFRS 17, scheduled to take place on January 1, 2023. To get a view of the state of affairs on this project, we sat down with the Co-Chairs of the IFRS 17 Steering Committee, Les Rehbeli, FCIA, and Sati MacLean, FCIA.