The IFRS 17 journey – No time to rest
The IFRS 17 journey – No time to rest
How are insurers coping in the run-up to adoption?
In the ninth podcast of the series, Mary H Trussell and Joachim Kölschbach look at how the sector is coping in the run-up to adoption of IFRS 17 Insurance Contracts and how companies are progressing with their implementation projects
“It’s important for insurers to remember that even if there were to be a potential change in the implementation date of 2021, the reason for any potential deferral would be because there's so much they need to be doing to prepare.” Mary H. Trussell
“Many are going to face real issues if they don’t get a move on. There is no magic bullet, no one size fits all. All insurers have different business models, regulatory environments, systems and processes.” Joachim Kölschbach |
A full transcript (PDF 113 KB) of this episode is also available. You can find out more about the findings of our survey of 160 insurers in our recent publication In it to win it.
Our Insurance topic page offers a wide range of materials that will help you transition to the new standard, whatever stage you're at. Visit our IFRS Today landing page to view other episodes in this series.
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© 2023 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.