Insurance companies who currently disclose under IFRS need to implement the new accounting standards; IFRS 9 and IFRS 17. In this article I will explain why these new accounting standards are needed, summarize their meaning and clarify the main implementation challenges. What is IFRS? The goal of IFRS is to […]
Category: Disclosure
Articles regarding how to disclose the newly IFRS 17 data and which data elements are needed
The new IFRS 17 disclosure in short
Insurers need to disclose information regarding the balance sheet, income statement, changes in equirty, cash flow statement and extra explanatory information. IFRS 17 has impact on all parts, here we will focus on the balance sheet, income statement and changes in equity