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How to adjust to the IFRS 17 implementation
In this webcast, EY professionals share the latest insights about the new credit impairment standard.
The new International Financial Reporting Standard for Insurance Contracts (IFRS 17) represents a fundamental change to current accounting practices for entities issuing insurance contracts. One year after its issue date, IFRS 17 has led to several highly technical interpretation discussions (many of which are still unresolved) and is proving to require significant implementation effort and investment.
During this webcast, our panelists will discuss the following topics:
- Key IFRS 17 implementation challenges facing insurers from an accounting, actuarial and operational perspective and practical solutions being developed
- Areas of the business that will be impacted by IFRS 17 and what industry leaders are doing to address “doing more with less”
- How to accelerate and enhance the implementation journey, with a focus on data models, sub-ledger systems and process enhancements
- Some ideas and examples of IFRS 17 project governance models, planning techniques, transition strategies and rollout approaches to support the implementation
Panelists
Mario Vertolli, Vice President of Global Accounting Policy and Reporting, Manulife
Bill Thomas, Principal, Ernst & Young LLP
Moderator
Raj Ramani, Principal, Ernst & Young LLP