IFRS 17

Nuanced, comprehensive—and challenging

The new IFRS standard for insurance contracts promises to have a transformative effect on insurers' financial reporting.

IFRS 17

Top

IFRS 17
Overview
Insight
Products
Services
Navigating choices

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.

Contact an expert

Read the latest updates regarding IFRS 17

Read the blog
video

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

Watch the video
Article

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.

Download PDF
Financial modelling & industrialisation

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.

Learn more
Article

Setting discount rates under IFRS 17: Getting the job done

IFRS 17 requires preparers of accounts to derive discount rates for the…
Read the article
Issue Brief

Amendments to IFRS 17 from April 2019 IASB Meeting

At the April IASB meeting, the Board discussed the next steps for the process of…
Read the article
Article

IFRS17 coverage units for CSM amortization

Insurers should carefully examine the consequences and reasonableness of…
Download PDF
Products

Related Milliman products

IFRS readiness and GASB75 compliance
IFRS readiness and compliance

Milliman IFRS 17 Readiness Assessment Tool

Monitor and assess IFRS 17 readiness and compliance, and plan remaining tasks effectively.

Financial modeling and industrialization
Financial modeling & industrialization

Integrate

Automate and accelerate actuarial modeling and reporting with a powerful, cloud-based solution.

Software performance enhancement
Financial Modeling Platform

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.

Services

Related Milliman service

IFRS insurance contract consulting

Meet exacting standards while managing the operational and strategic implications with our modeling, actuarial, and consulting skills.

Learn more

We’re here to help

Ask the tough questions. We’re ready for them.

Contact an expert