Ifrs 17 Challenges Insurance Carriers To Improve Data Quality And Data Collection

This executive paper explores how insurance carriers can prepare for IFRS 17, the new global accounting standard that fundamentally changes how contracts are reported. IFRS 17 requires insurers to report using current values rather than historical cost, calculate expected future cash flows, perform risk adjustments, and determine the contractual service margin for each policy. The paper outlines the operational and technological challenges carriers face, including managing massive volumes of historical and granular data across complex product lines to assess profitability and risk.

By leveraging Oracle’s solutions, insurers can consolidate data platforms, streamline reporting, and ensure ongoing compliance with IFRS 17. The insights offered help carriers reduce operational burden, improve accuracy, and maintain transparency for stakeholders. Download this paper to understand best practices for navigating IFRS 17 and positioning your organization for regulatory success.