IFRS 17

1 January 2023 was implementation day for IFRS 17, replacing IFRS 4.

IFRS 17 applies to issued insurance and reinsurance contracts, reinsurance contracts held and investment contracts with a discretionary participation feature that are issued by an entity that also issues insurance contracts.

 As implementation nears this page provides access to IFoA and other resources to support member learning.  Many of our resources have been produced by IFoA Working Parties and other Colleagues.

IFoA working parties’ resources

• Contract boundaries under IFRS 17
• Management information

IFRS 17 video presentations

Since 2017 there have been many presentations, delivered at various conferences and events, here are some to get started:

General Insurance Spring Conference

The presentation is available on the IFoA's Virtual Learning Environment (VLE):

• Working Party Update: How to explain the IFRS story 

Life Insurance

The presentations are available on the IFoA's Virtual Learning Environment (VLE):

• Revised IFRS 17 – Implications for Insurers and Actuaries 
• Sessional Event: The IFRS 17 Contractual Service Margin: A Life Insurance Perspective 

Life Conference

The presentations are available on the IFoA's Virtual Learning Environment (VLE):

• IFRS 17: So far, but we have another year to 2023! - login to the vle
• IFRS17 – how do we explain ourselves better? Tackling analysis of change 
• Workshop B1 - Impact of IFRS 17 for the UK Insurance Market
• Workshop E02: IFRS 17: 5 topics no-one knows the answer to
• Plenary 3: IFRS 17 has arrived!
• Workshop B3: IFRS 17 - How Will it Impact Contracts in Different Jurisdictions? 
• Workshop E1: IFRS17 – So How Exactly Will it Work for Existing UK 90/10 With-Profits Funds?
• Workshop F9: The Modelling Implications of IFRS17 

Giro Conference

The presentations are available on the IFoA's Virtual Learning Environment (VLE):

• IFRS 17 - Practical Challenges (aka the Difficult Bits) 
• IFRS17 Mythbusters - The Return! 
• IFRS17 Working Party Update

Asia Conference

The presentation is available on the IFoA's Virtual Learning Environment (VLE):

• Application of IFRS 17 to Takaful Contracts 

CIGI Conference

The presentation is available on the IFoA's Virtual Learning Environment (VLE):

• IFRS17 Working Party Deep Dive 

Masterclasses and Cross practice

The presentation is available on the IFoA's Virtual Learning Environment (VLE):

• Get Ready for IFRS 17 - available on the IFoA's Virtual Learning Environment (VLE)

Foundation videos

These videos are available to watch on YouTube:

• Introducing IFRS 17
• IFRS 17: What are the measurement essentials for insurance contracts? [Part 1 of 2]
• IFRS 17: What are the measurement essentials for insurance contracts? [Part 2 of 2]
• IFRS Foundation videos

Library resources

Members can access articles about IFRS 17 via the library portal.