IFRS 17 Explained

Explaining the new accounting standard for insurance contracts


IFRS 17 is the newest IFRS standard for insurance contracts and replaces IFRS 4 on January 1st 2022. It states which insurance contracts items should by on the balance and the profit and loss account of an insurance company, how to measure these items and how to present and disclose this information.

Mainly to make the financial statement easier to compare across insurance companies and among industries. Though it is a big change for insurance companies as data administration, financial presentation and actuarial calculations will need to change! This website will help you to understand the different topics.

Short Introduction

IFRS 17 in 3 Minutes

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IFRS 17 will have impact on


Big changes in the P&L and the balance, with new components, like the risk adjustment and the CSM


Interaction is needed between IT, actuarial and financial departments to be able to report timely.


Data needs to be administrated on lower level with more history while systems need to run fast(er).


IFRS 17 and IFRS 9 TimeLines
IFRS 17 and IFRS 9 TimeLines. How to implement the standard


The Model

Articles explaining how the IFRS 17 model work, the different approaches, scope and recognition

The Disclosure

Articles regarding how to disclose the newly IFRS 17 data and which data elements are needed


 Timelines are further explained and how to measure contracts for which you don’t have all the needed information

IFRS 4 & 9 and Solvency

Comparing IFRS 17 versus IFRS 4, IFRS 9 and Solvency II. What are the differences and similarities

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