The new insurance reporting standard, IFRS 17, is now fully effective—but many firms are still catching up. Delays in finalizing adjustments could result in regulatory scrutiny, reporting errors, and reduced investor confidence.

The Problem: Complex Transition Requirements

IFRS 17 requires detailed adjustments including contract boundaries, discount rates, and risk adjustments. Firms still reconciling these are at risk of audit flags and reputational issues.

The Solution: A Structured Finalization Roadmap

Expert guidance can help insurance companies systematically review assumptions, validate data sources, and finalize adjustments—ensuring reports are accurate, transparent, and audit-ready.

The Challenge: Data Silos & Inconsistent Assumptions

Fragmented systems and cross-team misalignment often create inconsistent reporting. Without coordination, forecasts, risk adjustments, and contract valuations may not match across financial statements.

The Action: Cross-Functional Collaboration & Governance

Implement governance frameworks that align actuarial, finance, and risk teams. Reconciliation processes ensure consistency and accuracy across all reporting lines.

The Result: Timely Compliance & Strategic Clarity

Firms that finalize IFRS 17 adjustments early reduce last-minute fixes, streamline audits, and build confidence with investors and regulators—while gaining deeper insights into portfolio risk.

Key Takeaways

✅ Align assumptions, data, and models across teams.
✅ Validate contract boundaries, discount rates, and risk adjustments.
✅ Avoid compliance pitfalls and audit stress.
✅ Build reporting clarity that supports growth and trust.

Pro Tip: DM us ‘IFRS17’ for a free checklist to finalize IFRS 17 adjustments and ensure compliance before year-end.