IFRS 17 to cost insurance industry $21bn-$27bn: WTW
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

IFRS 17 to cost insurance industry $21bn-$27bn: WTW

Abbie Wood
September 28, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
WTW logo cyber.jpg

WTW has again revised up its estimate of the total cost of implementing IFRS 17 to insurers by a further 15%, now putting it in the range of $21bn-$27bn.

Last year, WTW estimated the regime could cost the industry $18bn-$24bn.

According to the report, although material progress has been made with IFRS 17, survey participants stated that "much work remains post-implementation".

Average

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsRegulationWTW
abbie wood 2024 ii red 2.png
Abbie Wood
Reporter
Contact
Gift this article