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: Model
Articles explaining how the IFRS 17 model work, the different approaches, scope and recognition
IFRS 17 model summarized
Insurers need to implement IFRS 17 in 2022 and this standard contains different measurement models, important guidelines and new definitions. We will summarize the basics of grouping and the different measurement models in this article. The IFRS 17 grouping: Insurers need to disclose information bases on group of contracts. A group […]