January 1, 2023 is an important date for many insurers all around the world. It marked the beginning of IFRS-17 financial reporting in many jurisdictions for many insurers, with implementation efforts taking place over multiple years at significant cost. Even though the U.S. has decided not to adopt IFRS-17, many insurers are impacted and an understanding of the Standard is required. In this session, we will discuss the basic concepts of IFRS-17, the major decision points for those implementing IFRS-17, compare IFRS-17 to US GAAP, and discuss why you should care about IFRS-17.

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