IFRS 17

IFRS Assess Enterprise – Accelerating IFRS 17

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.

A holistic approach – the way forward for the insurance industry

The insurance industry has developed organically over centuries, its growth fuelled by meeting societal needs, but accelerated by historically unscrupulous sales practices.

Successful IFRS 17 impact assessment using IFRS Assess

Hand over spreadsheet analysis

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.