ICAEW.com works better with JavaScript enabled.

IFRS 17 Insurance Contracts

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

Contents
Back to top

Featured factsheet

‘IFRS 17 Insurance Contracts for Non-Insurers’ provides guidance for non-insurers assessing whether or to what extent they will be affected by the IFRS 17.

View the factsheet
Compass

Access the standard

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

Log in to read more

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
  • 05 Dec 2024
  • PDF (494kb)
This factsheet highlights new and modified requirements for preparers of IFRS accounts, dealing primarily with IFRS Accounting Standards 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
  • Helpsheets and support
  • 05 Dec 2024
  • PDF (534kb)
This factsheet highlights new and modified requirements for preparers of IFRS accounts, dealing primarily with IFRS Accounting Standards with mandatory application for annual periods beginning on or after 1 January 2022.

ICAEW webinars

Exclusive IFRS 17: Observations from first year implementation
  • Webinar
  • 21 Jun 2024
The Financial Services Faculty delves into the intricacies of IFRS 17, explore its impact on the insurance industry, and unlock the strategies for seamless compliance.
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.

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.
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

Corporate Reporting Review
  • Website
  • FRC

Explore resources from the FRC’s Corporate Reporting Review team, including the Annual Activity Reports and Thematic Reviews.

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

Review of disclosures in companies’ first annual reports and accounts following their adoption of IFRS 17. It covers areas of good practice, disaggregation and proportionality, areas for continued focus, alternative performance measures (APMs), and key expectations.

IFRS model accounts and disclosure checklists Many illustrative financial statements and checklists are available online, providing example presentation and disclosure formats for preparers of IFRS accounts. We’ve compiled a list of regularly updated free sources for model accounts.
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

The review report 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.

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 and webinars on financial and non-financial reporting.

Browse the collections
Black woman working at computer
Technical Advisory Services

Our experienced advisors can help you with technical questions.

Get in touch
Young man reading in a library
Library and Information Service

Expert help with research and access to trustworthy, professional sources.

Information

Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.