What insurers should expect in IFRS17 regime

IFRS 19 is the latest IFRS accounting standard issued in May 2024. 

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The inaugural year of IFRS 17 implementation is now upon us. January 1 2023 is a date that has echoed in the insurance industry for the last few years.

One might expect that insurance companies, at least some, will open their 2023 books with IFRS 17 general ledger entries.

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Note: The results are not exact but very close to the actual.