Seminar: IFRS 17 Insurance Contracts and Solvency II

The KPMG Academy offers a seminar on IFRS 17 Insurance contracts and Solvency II, in an effort to keep its clients informed of the particular IFRS and other related regulatory issues.

It is expected that the new standard will introduce a comprehensive new accounting model that will give users of financial information a whole new perspective on the financial statements of the insurers. Furthermore, it will put an end to the lack of comparability of the financial statements in the insurance sector. It will also increase transparency about the profitability of new and in-force businesses and will give users additional insight into the financial health of an insurer. It is certain that all insurers will see impacts on their reported numbers, one way or another, whilst it is expected that the implementation of the standard will require substantial effort.

Cyprus Profile

events | 29 May 2018