CILA: IFRS 17 disclosures
Part of the Current Issues in Life Assurance (CILA) 2023 Webinar Series IFRS 17 came into effect on 1 January 2023. Many insurance companies also applied IFRS 9 for the first time at that date. Insurers must now consider what to disclose in the first financial statements in which IFRS 17 and IFRS 9 are applied. For insurers who prepare interim reports, this will be required either in the first quarter or first half of 2023. We will present an analysis of insurers’ disclosures, including the level of qualitative and quantitative information disclosed.