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IFRS 17 Insurance Contracts
May 22, 2017

The International Accounting Standards Board (IASB) has issued IFRS 17 Insurance Contracts. IFRS 17 is the first truly international IFRS Standard for insurance contracts It comes into force in 2021 and will require all insurance contracts to be accounted for in a consistent manner, replacing today’s multitude of different approaches. IFRS 17 will help investors and others better understand insurers’ risk exposure, profitability and financial position.

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