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New measures, new perspective: The impact of IFRS 17 on insurance performance and reporting

In this latest article, part of our series on IFRS 17 KPIs, we look at new business metrics, a key focus area for stakeholders. We discuss both new business volumes and profitability metrics, and how they might change with IFRS 17 reporting. 

We also consider the communication of the new business Contractual Service Margin (CSM), and how existing metrics, such as loss ratios, will need to be redefined on an IFRS 17 basis. 

Download this report for our views on how to define and communicate your new business performance under IFRS 17.

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In the third article in our series examining the impact IFRS 17 will have on your key performance indicators, we switch our focus to potential new KPIs under IFRS 17. We discuss how to communicate the impact of transitioning to IFRS 17 to the market and disclosures about the transition balances. We also consider the steps insurers may want to consider to meet the practical challenges in implementing these changes.  

Download this article to find out how to use the transition period to your advantage to maximise the impact of IFRS 17.

In the second article we examine how adjusted operating profit (AOP) may change under IFRS 17. We consider the adjustments currently made by life insurers and the potential adjustments which it may be appropriate to make under the new Standard. Our research of leading European insurers has made it clear that preparing AOP under IFRS 17 will create significant new challenges and could also demand investment in models, data, systems and processes, and that it is important to consider this now alongside the development of your IFRS 17 infrastructure.

Download this article to find out how to use adjusted operating profit to tell your story with confidence.

New measures, new perspective

In the first article, we analyse the suite of KPIs communicated to the markets by 20 of the largest European insurers, assess how these metrics are likely to be affected by IFRS 17 and how companies may need to respond to this.

Download the article for our view on the issues, opportunities and steps you can take to make decisions on how you will report the impact of IFRS 17 to the market.

Contact us

Alex Bertolotti

Partner, UK Insurance Leader and Global IFRS 17 Lead, PwC United Kingdom

Tel: +44 (0)7525 299694

Nanthini Paramanathan

Life Insurance Market Leader, Partner, PwC United Kingdom

Tel: +44 (0)7740 241274

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