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Challenge and opportunity

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<title>Challenge and opportunity</title>
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<abstract displayLabel="Summary">The International Accounting Standards Board has again deferred the implementation of IFRS 17, this time to 2023. Most insurance companies still have a significant amount of work to do to meet the new deadline. With project teams covering data, systems, business structure and transition plans, smaller and localised insurance players will struggle to find the resources required. Regulatory approaches, now and in the past, will affect the challenges that insurers face. Insurers must strike a balance between the significant operational challenges and the operational and decision-making improvements on offer.</abstract>
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<topic>IFRS 17</topic>
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<topic>Normas internacionales de contabilidad</topic>
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<topic>Normas de contabilidad</topic>
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<topic>Administración de la empresa de seguros</topic>
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<topic>Mercado de seguros</topic>
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<topic>Empresas de seguros</topic>
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<title>The Actuary : the magazine of the Institute & Faculty of Actuaries</title>
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<publisher>London :  Redactive Publishing, 2019-</publisher>
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<text>01/06/2020 Número 5 - junio 2020 , p. 30-32</text>
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