Are you ready for IFRS 18?
IFRS 18 Presentation and Disclosure in Financial Statements is effective from 1 January 2027 and applies retrospectively, with comparatives restated.
What do insurers need to do?
As the date of initial application approaches, insurers need to:
- assess the potential impact of IFRS 18;
- develop a detailed implementation roadmap for transition-related activities; and
- communicate the impact to investors, including how IFRS 18 may change non-GAAP measures.
The impact may depend on current presentation practices.
