IFRS 17 is a new accounting standard, that even though it addresses the same scope as the previous norm will have major effects in terms of transparency and comparability. On top introducing a whole new set of concepts and operational practices in the insurance world, those effects will be compounded by the introduction of IFRS 9 and the need for far reaching disclosures.
Thanks to our broad expertise in those areas our approach is based on maximum reuse of the existing data flows, repositories, procedures and internal knowledge. We do not consider IFRS 17 as
a standalone project on top of existing frameworks.