Bishopsgate Court, 4-12 Norton Folgate, London, E1 6DQ
Legerity will be participating in the IFRS 17 Forum in London on 29 November 2017. The Conference will focus on the transition from review and analysis to implementation. The impressive line-up of speakers includes the PRA, FRC, RSA, Bupa, Brit Insurance, LV, Old Mutual, EY, Deloitte and PwC.
Legerity’s IFRS Global Lead, Mark Miller, will be hosting a workshop entitled “From Data to Journals” which will examine the key business and accounting events, data flow and the calculation of the Contractual Service Margin.
IFRS 17 will become active from January 2021 and will replace IFRS 4. The standard is complex with fundamental differences concerning current accounting in both liability measurement and profit recognition. The financial and operational implications of IFRS 17 will require changes in insurers’ accounting practices and will provide a major challenge for much of the industry. There are, however, opportunities to optimise adoption, both operationally and in terms of financial performance.
For further details on the conference CLICK HERE