The IFRS 17 standard falls within a worldwide accounting evolution. It aims at:
IFRS 17 introduces a systematic assessment of insurance contracts profitability that affects the undertaking’s P&L.
Companies have to master the possible levers induced by this concept and to define their new management tools.
The concept will also force the insurance community and investors to adapt the business analysis.
This paper deals with the drivers of the IFRS 17 Profit (assets classification background under IFRS 9 and CSM measurement approaches), the disclosure of the P&L account and the solutions identified to handle the volatility and mismatch related to IFRS 17 valuation.
Our Paper covers:
This publication was produced under the direction of:
Chief Innovation Officer
Deputy CEO ADDACTIS France
With addactis® experts in France:
Marielle DE LA SALLE
Business & Innovation Advisor
Head of Modeling & Risk P&C
Head of Modeling & Finance