The MBE Consulting team has worked in partnership with Software Alliance to integrate our IFRS Assessment tool into their software platform Mo.net, which included improving and increasing the capabilities it offered actuaries for the implementation of IFRS 17.
IFRS 17
The insurance industry has developed organically over centuries, its growth fuelled by meeting societal needs, but accelerated by historically unscrupulous sales practices.
MBE publishes A Calculated Risk, a report summarising our analysis of the 2020 benchmarking exercise on insurers’ current thinking and actions regarding the IFRS 17 risk adjustment and confidence level.
A South African bancassurer approached us to perform an impact assessment of IFRS 17 for some of their life and short-term insurance products. We compared the calculation requirements and results of IFRS 4 and IFRS 17 under both the General Model and Premium Allocation approaches.
It’s been said that the greatest challenge posed by IFRS 17 is its data requirements. But is this really the case? Andries Beukes, MBE Partner considers why it might not be.
IFRS Assess is MBE Consulting’s cost-effective modelling and simulation tool that assists clients in understanding the impact of IFRS 17 on all areas of the business. Learn more here…
Andries Beukes and Pamela Hellig explain why a fair value loss component is improbable but not impossible under IFRS 17.








