IFRS17 Insurance contracts
Insurers are expected to apply IFRS 17 for the recognition, measurement, presentation and disclosure of insurance contracts, which will affect many aspects of their day to day operations.
IFRS 17 Consultancy of the Year award
We are delighted to announce that Mazars’ IFRS 17 team has been named ‘IFRS 17 Consultancy of the year’ at the InsuranceERM EMEA Awards.
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This is an exceptional accolade as InsuranceERM recognises regions all across EMEA and has awarded the team based on several reasons, including:
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The judges noted how impressed they were with Mazars' strong UK and EU-wide practice and thought leadership.
Our KPI and IFRS 17 report
For analysts and investors, insurance reporting can be obscure and considered somewhat selective in detail. For insurers, the current reporting frameworks do not fully tell the story of value creation; insurers feel they’re valued at a discount. Under current accounting standards, few stakeholders are getting what they need.
IFRS 17 - non-executive directors’ focus
As the IFRS 17 implementation deadline of 2023 draws closer, there are several questions that Board members can ask to navigate the transition to implementing IFRS 17 successfully in their firms. We have identified three pillars that encompass essential considerations for NED’s to take.
Insurers’ adjusted operating profit
Historical and new challenges caused by the implementation of IFRS 17
What the boardroom needs to know
IFRS 17 is the first international standard for insurance which will improve accounting. It is also a very technical standard that requires a very specific knowledge and understanding.
National contacts
James Isherwood Partner - Head of Insurance Consulting