Insurers are witnessing an unprecedented change in their financial reporting requirements. The recently released Accounting Standards, Targeted Improvements to the Accounting for Long-Duration Contracts from the Financial Accounting Standards Board...

  A new accounting standard for Insurance Contracts IFRS 17 was issued in May 2017 by the International Accounting Standards Board (IASB) and It will be effective as of 1 January, 2021. Over the past years SAP has worked with customers and partners...

How many customers bought our product last month? Could our company benefit from switching to a different risk and capital scenario? How would our profits be affected if I decreased our IT expenses? What if our industry stopped growing­– could we s...

  Are you ready for IFRS 17? Financial Reporting Standards have changed many times in the past, but not like this time. This change will bring about a wide range of opportunities for insurance companies that prepare for the new standard. Many comp...

The International Financial Reporting Standard 17 (IFRS17) was recently launched by the International Accounting Standards Board. This standard replaces IFRS 4 and will have a significant impact on many insurers today. Specifically, it targets tran...