We’re in the home stretch! Yet, with less than a year left until the implementation date, a significant proportion of our insurance industry in East Africa is yet to truly get stuck into their IFRS 17 projects.
IFRS 17 implementations are complex. Even for the simplest of insurance organisations, there is a lot to do. For instance, understanding the requirements, acquiring or developing an IFRS 17 engine, integrating that with the organisation’s system and developing a new chart of accounts that will be linked to a general ledger.
