Transcription of IFRS 17 Business Impacts - Deloitte
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IFRS 17 Business Impacts - Deloitte
ifrs 17 Business Impacts ifrs 17 Business Impacts 1. ifrs 17 Business Impacts Originally published in MSA Quarterly Outlook Report Q2-2018, published by MSA Research Inc., a Canadian-owned, independent analytical research firm focused on the Canadian insurance industry. 2. ifrs 17 Business Impacts Introduction Background Global Insurers' views of ifrs 17 benefits In the year since the International Accounting outweighing the expected costs Standards Board (IASB) issued the Insurance Accounting Standard known as ifrs 17, various insurance industry and professional forums, globally and in Canada, have clarified ifrs 17's requirements and there are more practical and Business implications for Canadian Property & Casualty (P&C) insurers than was originally thought. Strongly agree The 2018 Deloitte ifrs 17 global survey1 (the Survey) Somewhat agree results reveal that over 50 percent of global and Somewhat disagree Canadian insurers somewhat agree that the benefits Strongly disagree of ifrs 17 outweigh the expected costs.
The performance metrics of the business, whether at an aggregated or more granular level of reporting to key stakeholders; • The performance metrics used to determine incentive remuneration for management and leaders could influence the determination ... annual regulatory returns still requiring this premium information to be reported.
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