In the latest edition of our Real-time IFRS 17 series, we have updated our observations on the accounting policies, significant judgements and disclosures under IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments in the 2024 annual financial statements of 55 insurers.
What are our key observations?
Generally, insurers provided more clarity and company-specific detail in their disclosures; however, disclosures still varied widely. Some insurers have also begun to refine their IFRS 17 accounting policies and provide new ways for users to analyse profitability – e.g. by using IFRS 17-related key performance indicators (KPIs).
What’s new in 2024?
As well as analysing the insurers’ accounting policies, significant judgements, disclosures and key performance indicators, this year we also:
- focused on changes insurers made to their accounting policies, estimates and disclosures;
- provided new observations on certain of their accounting policy choices; and
- delivered additional insight on deep-dive topics including discount rates, risk adjustments and the contractual service margin.
What’s next?
Read our analysis of insurers’ 2024 annual financial statements.
Bookmark our Real-time IFRS 17 page for more in this series and also our insurance contracts page for more on applying IFRS 17.
