SAS | The Power to Know
Blue radiance
IFRS 17: Turning Compliance Into an Opportunity
White Paper

IFRS 17: Turning Compliance Into an Opportunity

 

About this paper

IFRS 17 (previously known as IFRS 4 phase II) − part of the International Financial Reporting Standards issued by the International Accounting Standards Board − will improve financial reporting by providing more transparent, comparable information about:

  • The effect of issued insurance contracts on financial performance.
  • How entities earn profits or incur losses through underwriting services and investment of premiums.
  • The nature and extent of risks created when issuing insurance contracts.

Compliance will require insurers to calculate totally new measures when presenting their financial position. They also need to manage the increasing granularity and complexity around accounting for insurance contracts, as well as the preparation of the underlying models, the monthly run, the consolidation and the reporting.

Read more to learn more about our approach to IFRS 17.

About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

Have a SAS profile? To complete this form automatically Sign In

*
*
*
*
 
*
 

All personal information will be handled in accordance with the SAS Privacy Statement.

 
  Yes, I would like to receive occasional emails from SAS Institute Inc. and its affiliates about SAS products and services. I understand that I can withdraw my consent at any time by clicking the opt-out link in the emails.
 
 

Back to Top