In May 2017, the International Accounting Standards Board issued IFRS17 Standards, to effectively replace the IFRS 4 Standards on January 2021.
IFRS17 is expected to have a significant impact on IT, actuarial and finance functions for the next few years. The actuarial department has a very crucial role in the preparation stage as IFRS17 reporting would require a significant amount of actuarial input.
- Understanding of the requirements of IFRS17
- An appreciation for the financial impact to Companies which is influenced by the types of products written and profit carrier chosen.
- Insights into local issues with the implementation of IFRS17
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