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IFRS 17 Business Impacts: Business implications for Canadian Property & Casualty (P&C) insurers

Published on: Feb 13, 2019

The 2018 Deloitte IFRS 17 global survey (the Survey) results reveal that over 50 percent of global and Canadian insurers somewhat agree that the benefits of IFRS 17 outweigh the expected costs.

In the year since the International Accounting Standards Board (IASB) issued the Insurance Accounting Standard known as IFRS 17, various insurance industry and professional forums, globally and in Canada, have clarified IFRS 17’s requirements—and there are more practical and business implications for Canadian Property & Casualty (P&C) insurers than was originally thought.

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