Report: IFRS 17 helping financial reporting transparency

The implementation of IFRS 17 has been a significant step towards increasing transparency and comparability in insurers’ financial statements, according to a new report by ratings agency Fitch Ratings.

The “Key Learnings from the First Full Reporting Cycle Under IFRS 17” report, released this week said that although IFRS 17, effective since 1 January 2023, has not achieved full comparability, the financial statements of insurers are becoming more aligned, with further improvements expected in upcoming reporting cycles.

Please Login or Register for a free account to view this content. Benefits of registering include:

• Receive weekly Insurance Investor newsletter containing the latest articles and news
• Hear about latest industry developments and industry analysis first, and be informed ahead of the rest of the market
• Access exclusive invitations to Insurance Investor industry events in your local region, and meet with peers to network around research-led content programs