
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.
IFRS 17 – Insurance Contracts, the new accounting standard currently expected to become effective for Canadian insurers in 2022, presents fundamentally new approaches to methodology, assumptions, and reporting and disclosure requirements.