IFRS for insurance: Taking the time to get it right

The IASB is in the final stages of preparing to issue the new International Financial Reporting Standard for insurance contracts. These final stages, and participation in the IASB's field work, gives the industry a great opportunity to plan ahead, develop an approach to implementation, and plan where time and effort should be spent effectively.
According to this PwC video, as the standard comes into sharper focus, insurers are also turning their attention to the strategic implications of the new disclosures and the opportunities that the standard will create to enhance investors' understanding of shareholder value creation.

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