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TagAppointed actuary

IFRS 17 for P&C actuaries – Part 2

Sati MacLean and Houston Cheng

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.

A race to the finish line

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.

IFRS 17 and the Appointed Actuary in Canada

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.

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