CSM and P&L assessment under IFRS 17

IFRS 17 standard, a worldwide accounting evolution

The IFRS 17 standard falls within a worldwide accounting evolution. It aims at:

• Unifying the insurance accounting system,
• Facilitating comparison between the undertakings’ financial situation,
• Globally improving the financial communication, by addressing the current accounting deficiencies (in particular with a fair value of insurance contracts disclosed in the P&L).

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.

To read our IFRS 17 Experts Paper, please fill in this form 👉

Our e-Book covers:

 The drivers of the IFRS 17 Profit (assets classification background under IFRS 9 and CSM measurement approaches),

 The disclosure of the P&L account,

 The solutions identified to handle the volatility and mismatch related to IFRS 17 valuation.

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