In late 2022, European headquartered insurance groups held investor education events to explain the expected impact of IFRS 17 transition on their future results and financial position.
Insurers reaffirmed their previously disclosed strategic direction and targets but indicated some rebasing of key performance measures. Risk appetite and capital management (including solvency ratios) are not affected but changes are expected in return on equity, leverage, and combined ratios. The range of the expected change in key ratios is relatively wide and depends on each insurer’s business mix and the degree of alignment between accounting policy choices and approaches to asset-liability management (ALM).
This webinar session will explore observations from recent non-life IFRS 17 investor disclosures addressing key messages, policy choices, and impact on KPIs.