Bloomsbury Hotel, 16-22 Great Russell St, London, WC1B 3NN
Legerity will be participating in the IFRS 17 Insurance Contracts Conference in London on 19 & 20 September 2017. Over the two days the Conference will hear from over 25 industry experts, with an impressive line up of speakers including IASB, EFRAG, PRA, HMRC, Preparers, Users and Auditors. Legerity CEO, Jeremy Wood, has been invited onto the panel that will discuss Planning and Preparing for IFRS 17 Implementation.
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 IFRS17 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