The Actuary conducted a survey sponsored by Moody's Analytics in the summer of 2020, seeking the views of actuarial practitioners on their preparedness for IFRS 17. The survey aimed to capture a sense of the progress made to date on IFRS 17 and contained 30 questions that focused on each of the subtopics listed below:
Risk adjustments
Discount rates
Contractual service margin (CSM)
Implementation planning
Transition measures
Business readiness concerns
The report summarises the responses of 100+ insurers from across the globe. Read "IFRS 17 Preparedness Report" to learn more.