IFRS 17 Transition:

Overview, challenges and experts’ tips

What approach to choose to lead the transition between the current accounting standard to IFRS 17 and what are the requirements for proper implementation?

Learn our key findings on how to choose the most appropriate approach based on their expertise and customers feedback during the IFRS 17 implementation project.

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Be transition-ready to meet IFRS 17 deadline

The full impact of IFRS 17 will be felt for a long time, partly because KPIs and metrics will change. So you must be well aware of your transition decisions.

In this video, our experts are presenting:

The differences between the methods: Full Retrospective approach, Modified Retrospective approach and Fair Value Retrospective Approach.

How to choose the most appropriate approach and avoid pitfalls.

Transition requirements based on our customers' feedback.

Key findings and recommendations insurers can act on now and tackle transition challenges.

Key findings and recommendations insurers can act on now 

If you haven’t started your IFRS 17 transition project yet, let’s see why you should do it asap

"I cannot stress enough how important it is for clients to involve and engage as early as possible in the process and leverage on their new systems and calculations that they have prepared for IFRS 17. This will also speed up the transition calculations".
Harry NIKOLAOU - Head of Accounting IFRS 17

Addactis IFRS 17 international implementation

"What we have seen with our current clients in the implementation phase is willing to try to leverage on our addactis standard IFRS 17 solution and use it as much as possible to produce the transition results and especially when we are going back to the full retrospective and modify the retrospective approach".
Kevin POULARD - Head of Actuarial R&D

Experts' insights from

Harry Profile

Harry NIKOLAOU 

Head of Accounting IFRS 17

Kevin profile

Kevin POULARD

Head of Actuarial R&D

If you want to know more about IFRS 17 transition, watch now the full Experts Talk video!

About addactis® IFRS 17

Our IFRS 17 journey began nearly 20 years ago when we launched our first reserving software – IBNRS® – in 2003. Over the years, we have been able to acquire a strong and recognized expertise in reserving calculation, and IFRS17 has been the logical extension of our offer. In 2017, we have created our internal Taskforce composed by R&D experts, actuaries and accountants, software designers… We have now succeeded in answering the main questions of insurers regarding IFRS 17: how to understand the regulation and above all, how to transform all the principles into a standard and flexible end to end solution covering all the topics: Actuarial (Cash Flow/RA /CSM engine), Finance (Subledger), and IT (ETL and Dataflow of the process).