Global Vision, Local Wisdom

IFRS 17 – “Hard to Digest?”

BWCI Group

Following our previous article on insurance accounting, the International Accounting Standard Board (“IASB”) has at long last issued the final version of IFRS17: Insurance Contracts – a standard 20 years in the making.

The publication provides some welcome clarity and sounds the starting gun for what will require detailed preparation to achieve a successful implementation on 1 January 2021.

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