WTW’s global analysis of full year 2023 insurance reporting under IFRS 17, for 89 insurers and reinsurers (including 34 large multinationals) publishing by 30 April 2024, has shown that despite the industry spending $20bn to date on IFRS 17 implementation, comparing results across the sector remains complex and publication timetables have slowed.
Provided lessons are learnt, we believe well-targeted operational improvements can lead to much greater benefits for both insurance management and investors going forwards.
If you work for an insurer and have not yet received our analysis, please complete this form to request a copy.
If you have questions relating to this analysis, or would like us to help with your plans going forwards, please contact your usual WTW consultant or email.