IFRS 17
Nuanced, comprehensive—and challenging
The new IFRS standard for insurance contracts promises to have a transformative effect on insurers' financial reporting.
Integrated expertise required
IFRS 17 is expected to raise a number of practical challenges for insurance companies. It is an accounting standard, but implementation will require a multi-disciplinary program with involvement from accounting, risk management, and actuarial teams.
Read the latest updates regarding IFRS 17
The choices insurers face when implementing IFRS 17
Milliman consultant Thomas Bulpitt talks about the choices insurers make when implementing IFRS 17 and how insurers should handle risk adjustment.
This video was produced by InsuranceERM
IFRS 17 preparedness: 2018 survey feedback
Milliman conducted a survey to measure the preparedness for IFRS 17 among insurers. The survey had 71 questions, and Milliman received responses from more than 115 companies around the world.
Integrate
The business challenges of implementing IFRS 17are top of mind for many in the industry, including Milliman. With Integrate, we've built a powerful, comprehensive ecosystem that allows you to focus on your business, not your IT.
Related Milliman products
Milliman IFRS 17 Readiness Assessment Tool
Monitor and assess IFRS 17 readiness and compliance, and plan remaining tasks effectively.
Integrate
Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.
Milliman Mind IFRS 17 module
Milliman Mind is a flexible and easy-to-use web-based platform that offers you a cost-effective IFRS 17 calculation tool.
Milliman CHESS (Cloud Hosted Economic Scenario Simulator)
CHESS helps insurers compute regulatory calculations. Useful for asset liability management studies, product pricing and strategic allocation.
Related Milliman service
IFRS insurance contract consulting
Meet exacting standards while managing the operational and strategic implications with our modeling, actuarial, and consulting skills.
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