With less than four months remaining until the go-live date of 1 January 2023 for IFRS 17 Insurance Contracts (IFRS 17) (for insurers with a December year-end), the insurance industry has reached the last stretch of the implementation journey. Progress has been made and lessons have been learned, and although it feels like it has often been two steps forward and one step back, the industry is slowly but surely moving closer to the finish line.

In this article, we consider some of the current challenges experienced within the industry, as a guide to assist you in overcoming the last hurdles.