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IFRS 17 Insurance Contracts

IFRS 17 Insurance Contracts establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts issued.

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IFRS 17 Insurance Contracts for Non-Insurers

This updated factsheet provides guidance for non-insurers assessing whether or to what extent they will be affected by the IFRS 17.

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Registration is required to access the free version of the Issued Standards, which do not include additional documents that accompany the full standard (such as illustrative examples, implementation guidance and basis for conclusions).

Summary and timeline

Looking for the synopsis? Our IFRS 17 summary and timeline features information on current proposals and a timeline of IASB updates.

Recent amendments

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These resources are available exclusively to Corporate Reporting Faculty subscribers, ICAEW members and students.

ICAEW factsheets and guides

The Corporate Reporting Faculty's annual IFRS factsheets provide a more detailed discussion of recent IFRS amendments.

Exclusive 2023 IFRS Accounts
  • Helpsheets and support
  • 08 Aug 2023
  • PDF (398kb)
This factsheet highlights new and modified requirements for preparers of IFRS accounts, dealing primarily with new IFRS requirements with mandatory application for annual periods beginning on or after 1 January 2023.
Exclusive IFRS 17 Insurance contracts for Non-Insurers - Updated
  • Helpsheets and support
  • 09 Aug 2022
  • PDF (354kb)
This updated factsheet provides guidance for non-insurers assessing whether or to what extent they will be affected by the IFRS 17. It has been updated to make the wording consistent with the 2022 IFRS Accounts factsheet
Exclusive 2022 IFRS Accounts Factsheet
  • Helpsheets and support
  • 08 Aug 2023
  • PDF (415kb)
This factsheet highlights new and modified requirements and includes practical tips on the implications of the changes.

ICAEW webinars

Exclusive IFRS 17 insurance contracts for non-insurers
  • Webinar
  • 19 Oct 2022
This webinar will provide guidance to non-insurers wanting to assess to what extent they might be affected by the standard.
IFRS 17 Technical update
  • Webinar
  • 25 Mar 2020
Following the IASB’s consultation on the Amendments to IFRS 17 the at subsequent Board meetings members have been making decision on a number of these proposals. This webinar is to assess how this might affect insurers on the implementation of the new accounting standard.

eBooks

The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Exclusive Accounting for insurance contracts
  • eBook chapter
  • 2023
  • PKF International Ltd
  • Wiley Interpretation and Application of IFRS Standards
Updated edition providing a detailed reference guide with practical examples, and IFRIC interpretations and directions. This chapter discusses IFRS 17.
Exclusive Insurance contracts (IFRS 17)
  • eBook chapter
  • 2021
  • Ernst & Young LLP
  • International GAAP - Generally Accepted Accounting Practice under International Financial Reporting Standards
A global perspective on technical accounting issues with worked examples and illustrations from published financial reports of major listed companies from around the world. This chapter discusses IFRS 17.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Other resources

International GAAP 2024: The global perspective on IFRS
  • Website
  • EY

Detailed guide on interpreting and implementing IFRS, with illustrative examples and extracts from financial statements. The manual is available online (free registration required) as part of EY Atlas Client Edition.

Thematic Review: IFRS 17 ‘Insurance Contracts’ Interim Disclosures in the First Year of Application
  • Website
  • FRC

Report aimed at preparers and auditors of insurance companies providing examples of better practice and areas for improvement. It covers transition disclosures; accounting policies, judgements and estimates; estimates of future cash flows and contractual service margin (CSM); discount rates; risk adjustment; measurement models; Alternative Performance Measures (APMs); IFRS 9; and non-insurance companies.

IFRS 17 affects more than just insurance companies
  • Website
  • PwC

Briefing focusing on IFRS 17 for non-insurers showing examples of common contracts that may be within the scope of the standard. It covers the scope of exclusions from IFRS 17 and criteria for identifying insurance contracts.

Determining CSM allocation using coverage units
  • Website
  • PwC

Briefing that summarises the guidance relating to coverage units and contractual service margin (CSM), covering frequently asked questions on IFRS 17 with examples. The appendix lists examples of coverage units for life insurance contracts with permissible approach to determining coverage units.

IFRS model accounts and disclosure checklists
  • Listing
  • ICAEW Library and Information Service
A list of regularly updated free sources for IFRS model accounts and disclosure checklists.
IAS Plus
  • Website
  • Deloitte

Overviews of each international accounting standard, with a history and timeline of key events and amendments.

Further support

Financial reporting helpsheets
Corporate reporting resources

Practical resources including factsheets, online guides, helpsheets, webinars, eBooks and articles.

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