IFRS 17 Insurance Contracts
The new insurance standard represents a fundamental change to the way insurance contracts are accounted for and presented by the insurance industry. The standard, which comes into effect for accounting periods beginning on or after 1 January 2021, will significantly impact life business and non-life business.
Applying IFRS 17
Mazars works with some of the largest insurance companies in the world. We have 700 specialists in more than 40 countries around the world. This means we are able to provide necessary resources for providing IFRS 17 support in the key locations using local resource with local knowledge and understanding.
Expertise in IFRS 17 and the insurance industry covering accounting, actuarial, financial reporting, IT and business process improvement mean that our teams are able to address your insurance reporting needs and provide insight into emerging market practice around IFRS 17.