Fluency in a brand-new financial language: how insurers are preparing to tell their story with the new IFRS 17 numbers
In this third article of our four-part series, we report on the views from the participants in the 2022 Global IFRS 17 Insurance Survey on how they will use the new IFRS 17 financial language to communicate to investors. With the focus on building sub-ledgers, introducing new charts of accounts, preparing data, and updating actuarial models, it is also sometimes easy with IFRS 17 to lose sight of the numbers themselves, and the story they tell about the performance of the underlying business.
This publication was released by our Global firm.