IFRS 17 Matters for Non-insurance Entities

Did you know that IFRS 17, Insurance Contracts, can apply to insurance contracts issued by non-insurance entities? If not, you are not alone! With the effective date of this standard fast approaching, non-insurance entities are encouraged to review their contracts to determine whether they are in scope of IFRS 17.

Need help applying IFRS 17 for the first time?

Check out the meeting report from the May 2022 IFRS^® Discussion Group meeting to learn more about how this Standard might apply to you.

The following publications might also provide helpful insight:

• “In the Spotlight – IFRS 17 affects more than just insurance companies” PwC, February 9, 2021 (updated September 28, 2021)
• “Corporations can take on insurance risk – NZ IFRS 17” EY, March 2022
• “IFRS 17 for non-insurers” KPMG, May 2022