IFRS 17 - The Financial Reporting Guide to Insurance Contracts

IFRS 17 is the new financial reporting standard for Insurance Contracts. IFRS 17 is a technical standard and this practical guide was developed with the general accounting or financial reporting practitioner in mind.

The guide has been developed in Microsoft Excel format and therefore Microsoft Excel is required to use this guide. This user-friendly guide was constructed to cover the basics of IFRS 17, supplemented with illustrative examples for the measurement models within the standard.

There is a comprehensive overview and illustrative examples to cover the main measurement models under IFRS 17, namely; the general measurement model (GMM), the premium allocation approach (PAA) and the variable fee approach (VFA).

Look out for future products where advanced aspects of IFRS 17 will be covered but this guide covers the fundamentals.