The collaboration between actuaries and accountants is expected to increase substantially under an IFRS 17 world. An insurance financial closing process requires calculation of experience adjustments and insurance service revenue, as well as the consistent linking of insurance contracts and investments, and the production of a host of disclosures to the financial statements that are actuarial in nature. How can actuaries and accounts work together effectively and smoothly? We’ll explore solutions in this session.
Learning Outcomes:
Attend this session and you’ll be able to:
· Identify the complexity of the IFRS 17 standard
· Describe changes in insurers' operating models
· Develop an understanding of potential solutions that may streamline the IFRS 17 financial closing process.
Track: Protecting Long-Term Economic Progress