The global implementation of International Financial Reporting Standard 17 (IFRS 17) has posed a significant challenge for insurance companies everywhere, and Portugal is no exception. To better understand the status of this standard's adoption and the progress companies have been making, we surveyed leading industry professionals on valuation methods, familiarity with the standard, and implementation hurdles. This paper discusses the results from 19 questions.

Key findings include:

• 92% of respondents selected a year-to-date accounting approach; only 8% opted for period-to-period.
• 70% use Excel as a dashboard tool for in-depth analysis of IFRS 17; only 15% use dedicated software.
• 54% use an in-house budgeting solution; 15% rely on vendor tools, while 31% do not have a tool yet.
• 46% need more than six days to produce and analyze IFRS 17 figures, while only 39% said they could do it in less than four days.
• Only 54% apply a discount on coverage units, despite a clear benefit of allowing an earlier profit recognition.