Understanding the presentation and disclosure requirements of IFRS 17

Given the challenges presented by COVID-19, insurers want to make sure that their IFRS 17 implementation programs are focused and efficient. One of the best ways insurers can bring IFRS 17 to life quickly is through the lens of the new look financial statements that insurers will need to produce. 

This webcast will summarize the impact for insurers’ financial statements, suggest activities that insurers should be doing now to link their KPIs, planning and forecasting and how insurers can run their business with their new look financial statements. Mark Vaessen, EFRAG Board Member and partner with KPMG in the Netherlands, where he heads the Department of Professional Practice, will be joining the webcast to provide perspective.

Following the webcast, participants should be able to explain at a high level:

• The presentation and disclosure requirements of IFRS 17 Insurance Contracts and other relevant developments in IFRS.
• How to link the KPIs they use to run their business with their new look financial statements.
• EFRAG’s activities leading up to its endorsement advice on IFRS 17