2019 IFRS 17 Survey Results

During July and August 2019, Millennium Consulting in partnership with Innovation, carried out a survey which questioned international insurance and reinsurance companies about their IFRS 17 compliance programs.

Participants surveyed included Finance Directors, Chief Actuaries, IT Directors and Senior Risk Managers. Insurers were surveyed in the following countries: UK, Netherlands, Germany, Ireland, Switzerland, Morocco, Mexico, Hong Kong, China, Thailand, Taiwan and Australia.

As expected, IFRS 17 compliance was identified as being primarily the responsibility of the Finance department although 47% of the responses suggested that it was a joint Finance, Actuarial, IT, Risk and Underwriting responsibility.

For the full survey results please complete the form below.