Global IFRS Insurance Survey 2018

2021 countdown underway: Insurers prepare for IFRS 17 implementation

2021 countdown underway: Insurers prepare for IFRS 17 implementation

A year after the publication of IFRS 17 Insurance Contracts (IFRS 17), and with just over two years until its mandatory effective date of 1 January 2021, how are global insurers preparing to operate in the new financial reporting regime?

The 2018 Global IFRS Insurance Survey aims to provide a comprehensive and independent overview of how global insurers are reacting to and preparing for IFRS 17 adoption. Undertaken by the Economist Intelligence Unit (EIU) on behalf of Deloitte, the survey explores the views of 340 senior insurance executives from across North America, Europe and Asia on the scale and complexity of IFRS 17 implementation challenges surrounding its budgeting, the technology needed to comply, and the availability of resources to deliver the change.

Three key takeaways for Insurers:

1. Just enough time to get ready for IFRS 17
2. Upgrading technology is necessary
3. Significant implementation costs have been budgeted

Sign up to receive the full report about the implementation of IFRS 17. 
Frank Geelen
Partner Deloitte Nederland
CFO Programma
T +31882884659
E [email protected]
Frank Geelen
Partner Deloitte Nederland
CFO Programma
T +31882884659
E [email protected]
Frank Geelen
Partner Deloitte Nederland
CFO Programma
T +31882884659
E [email protected]

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