IFRS 17 dubbed 'biggest shake up of insurance reporting' and 'major challenge' for the sector


The introduction of IFRS 17, the new international accounting standard for insurance contracts, is the biggest shake up of insurance reporting for decades as it will impact profit, equity and volatility, as well as reserving and financial reporting processes, according to industry experts.

IFRS 17, Insurance, Fitch Ratings, Willis Tower Watson, International Accounting Standards Board, Financial reporting, PwC

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