IFRS 17 will fundamentally change the accounting for all entities that issue contracts within the scope of the standard for insurance contracts. The issuers of insurance contracts will need to use consistent measurement models based on current assumptions at a more granular level. Both the income statement and balance sheet will change. There are a number of decisions and choices to be made when implementing the new standard. Our IFRS 17 specialists will explain the key areas of the standard.
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