Gearing for IFRS 17 implementation

Starting 1 January 2025, all insurance companies will be required to report under International Financial Reporting Standard 17 (“IFRS 17”), or commonly referred to as the Pernyataan Standar Akuntansi Keuangan 74 (“PSAK 74”) reporting standard in Indonesia. This PSAK 74 implementation will pose a significant impact for insurers, especially the change in accounting and reporting practices and such adoption will need careful planning.

Find out more about PSAK 74 and how to gear up and prepare for the implementation.