Impacts of IFRS 17 insurance contracts accounting standard : considerations for data, systems and processes

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<title>Impacts of IFRS 17 insurance contracts accounting standard</title>
<subTitle> : considerations for data, systems and processes</subTitle>
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<publisher>Ernst & Young</publisher>
<dateIssued>2018</dateIssued>
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<abstract displayLabel="Summary">This paper makes the case for why insurers need to understand the new data, systems and process challenges before they start committing to a demanding implementation journey that is likely to be transformational. It also looks at the considerations and options for an IFRS 17 solution that will ultimately need to combine what is needed to comply with the IFRS 17 requirements and at the same time have to meet the insurers' finance strategy and business objectives. Lastly we provide practical actions to guide an implementation that's focused, sustainable, and able to deliver the expected results. </abstract>
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<topic>IFRS 17</topic>
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<topic>Requerimientos financieros</topic>
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<topic>Empresas de seguros</topic>
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<topic>Contrato de seguro</topic>
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