“GOODBYE, THE TRADITIONAL MARKETING! HELLO, NEUROMARKETING!” ― Hedda Martina Sola M. Econ
IFRS 17 standardizes insurance accounting globally to improve comparability and increase transparency, and to provide users of accounts with the information they need to meaningfully understand the insurer’s financial position, performance and risk exposure
The IASB published a new standard, IFRS 17 ‘Insurance Contracts’ on Thursday 18 May 2017.
The key task for insurers right now is to make the appropriate implementation decisions. IFRS 17 presents opportunities to harness data more effectively, to improve the structure of your finance function and to better inform your decision making. Ultimately IFRS 17 is about what story you want to tell about your company.
An entity shall apply IFRS 17 Insurance Contracts to:
Scope changes from IFRS 4
Our goal as finance and IT professionals is to provide cost-effective, easy-to-implement solutions for transitioning their financial records to comply with the new standards.
iSmile Technologies is a global technology services company.