IFRS 17 will fundamentally affect how investors regard insurers. It will change the profitability profiles of insurers between 2018 and 2022. If IFRS 17 isn’t planned for the whole business, then insurers will wind up in trouble.
Innovation has been working on and sharing its IFRS 17 (IFRS 4 Phase II) project delivery perspective since 2014 with project delivery plans made available to all insurers.
We have noticed that most focus at most insurers has been on how to interpret the standard, not on how to deliver an operational business process or assure investors.
This section contains collateral useful to everyone delivering IFRS 17 at an insurer.