In this factsheet, you'll find
A Primer on IFRS
Gain a clear understanding of International Financial Reporting Standards and their importance for global financial transparency.
Introducing IFRS 17
Learn why IFRS 4 is no longer sufficient and how IFRS 17 addresses the need for a unified, transparent approach to insurance accounting.
IFRS 4 vs. IFRS 17: A Breakdown
Dive deep into the key differences between the two standards, focusing on measurement, profit recognition, disclosures, consistency, and overall objectives.
Unlocking the Benefits of IFRS 17
Discover how the new standard can empower you to:
- Strengthen product design and transparency
- Present a more accurate picture of profits
- Reduce compliance costs and streamline reporting
- Enhance collaboration between actuaries and accountants
- Improve investor confidence
How IFRS 17 Affects Insurers
We explore the impact across various aspects of your business, including:
- Product Pricing & Design
- Revenue Recognition
- Insurance Accounting
- Contractual Service Margin (CSM)
Technology as Your Ally
Discover how technology can ease implementation by:
- Modernising your software landscape
- Leveraging Artificial Intelligence
- Optimising data management practices
Beyond the Basics
This guide provides a springboard for further exploration. We offer additional resources on our blog to stay informed about IFRS 17 developments:
- IFRS 17 Implementation Strategies
- IFRS 17 Summary
- Addressing the Challenges of IFRS 17 Adoption
- International Financial Reporting Standards: IFRS 17
How TRG International Can Help
With extensive experience in financial management solutions and software implementation, TRG International provides a wealth of knowledge and expertise. We can help you streamline and automate your financial processes for IFRS 17 compliance and beyond.
Download your free guide today and start your journey to a smoother IFRS 17 implementation!