Insurance

PwC is the leading advisor to the insurance industry in Ireland. We are currently auditors to five of the largest ten domestic Irish non-life companies and 5 of the largest domestic life insurers.

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IFRS 17: Redefining insurance accounting

IFRS 17: Redefining insurance accounting

In May 2017, the IASB finished its long-standing project to develop an accounting standard on insurance contracts and published IFRS 17, ‘Insurance Contracts’. IFRS 17 replaces IFRS 4, which currently permits a wide variety of practices. IFRS 17 will fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features. Read our latest publication for an overview of the new standard.

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