IFRS 17 and LDTI Solutions, 2022: Market Update
Five years on from the issuance of IFRS 17, Chartis is assessing the current state of play. To support this analysis, and in collaboration with Insurance Post, we have conducted a survey to examine global trends and dynamics in key implementation areas of IFRS 17 and LDTI compliance solutions. Highlights from this survey are included in this report.
Five years on from the issuance of IFRS 17, Chartis is assessing the current state of play as insurers work toward the deferred 2023 implementation date. Our IFRS 17 research series has expanded to incorporate LDTI, the FASB’s approach to risk-aware insurance accounting for long-duration contracts. As implementation projects have progressed and practical challenges have emerged, the transferability of IFRS 17 solution functionality to LDTI compliance systems does not appear to be as straightforward as initially anticipated. Despite having similar theoretical foundations, based on the fair valuation of insurance contracts, IFRS 17 and LDTI diverge in their respective areas of focus, creating different pressures on the core technology elements.
To support this analysis, and in collaboration with Insurance Post, we have conducted a survey to examine global trends and dynamics in key implementation areas of IFRS 17 and LDTI compliance solutions. Highlights from this survey are included in this report.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@chartis-research.com to find out more.
You are currently unable to copy this content. Please contact info@chartis-research.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@chartis-research.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@chartis-research.com
