Insurers that report on an International Financial Reporting Standards (IFRS) basis were required to apply IFRS 17 Insurance Contracts for annual reporting periods starting on or after January 1, 2023.
We take another look at the world of insurtech and the challenges of starting up a new operation.
About 4 billion of the world’s current 9 billion people may benefit from inclusive insurance initiatives, but this potential market may not be easy to access from a traditional insurance perspective.
One of the many outcomes of the recent pandemic was that we had an unprecedented opportunity to take a peek into each other’s homes as we conducted business, which often involved unexpected appearances by our pets.
With only a few weeks remaining before the implementation of IFRS 17 on January 1, 2023, we revisited the topic with FCIAs and Co-Chairs of the IFRS 17 Steering Committee, Sati MacLean and Les Rehbeli.
Canadian Institute of Actuaries
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