Updated observations on insurers’ reporting under IFRS 17 and IFRS 9
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.
We also took a deeper dive into several topics, including discount rates, risk adjustments and the contractual service margin.
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).
For further insights, you may read our analysis of insurers’ 2024 annual financial statements.
