Effective January 1, 2023, insurance companies entered a new financial reporting standard known as International Financial Reporting Standard 17 (IFRS 17). Fundamentally, the standard changes ...

New accounting standards could complicate estate planning. The headaches International Financial Reporting Standards have created for accountants will pale in comparison to the impact it will have on ...

Leadway Assurance Company Limited has said that investors as well as shareholders of insurance companies are set to experience a rebranded sector following the adoption of International Financial ...

ZIMBABWE's accounting professionals have warned that insurance product pricing and business models may change with the adoption of International Financial Reporting Standard (IFRS 17), a global ...

It has been over a year now since IFRS 17 was published. It replaces an interim standard (IFRS 4 – Insurance Contracts) which has been in place for over a decade, which allowed companies to use a wide ...

International rating agency Fitch Ratings has said that the implementation of IFRS 17 has been a significant step towards increasing transparency and comparability in insurers’ financial statements.

In a bid to beat the December 2012 deadline set for their transition to the International Financial Reporting Standard (IFRS), insurance companies are individually coughing out over N10 million as ...

Less than half of senior insurance executives from companies around the world believe the U.S. should abandon U.S. GAAP standards in favor of International Financial Reporting Standards, according to ...

The International Accounting Standards Board (IASB) has announced IFRS 17, a new set of regulations that create an international Standard for insurance contracts. The measures are designed to simplify ...

Deloitte Middle East held an awareness session on IFRS 17 – Insurance Contracts in Dubai in December 2017. This session was hosted by Deloitte’s IFRS 17 leaders who have been actively involved in ...

The International Accounting Standards Board voted to propose a one-year delay on the effective date of the new insurance contracts standard, so it will take effect in 2022 instead of 2021. Processing ...