IFRS 17 implementation may cost up to £2bn in the UK, Prudential CFO

IFRS 17 implementation may cost up to £2bn in the UK, says Prudential CFO

01-06-2017

The implementation of the new accounting standard IFRS 17 may cost between £1bn – £2bn in the UK, said Nic Nicandrou, chief financial officer of Prudential.

The rest of this article is locked for subscribers only. Please login to continue reading.

If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.

To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

Prudential, Nic Nicandrou, IFRS 17, Insurance Europe, Solvency II, Europe, UK

More on this story

European insurers may face higher cost of capital due to IFRS 17
29-01-2018

IFRS 17 dubbed 'biggest shake up of insurance reporting' and 'major challenge' for the sector
18-05-2017

Solvency II puts insurers at risk of being marginalised by investors
25-04-2017

IFRS 17 implementation may cost up to £2bn in the UK, says Prudential CFO

More on this story

Other related

More on this story

Sign up for the newsletter