FIS has won the award for best IFRS 17 solution of the year for the second year in a row. It impressed judges with the supercharging of its FIS Insurance Risk Suite, ahead of the rollout of new ...

The transition to the International Financial Reporting Standard 17 (IFRS 17), which affects insurance contracts, remains a challenge for firms as it is a radical departure from current accounting ...

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. International ...

THE current Philippine insurance accounting standard is the Philippine Financial Reporting Standard (PFRS) 4, which was adopted from IFRS 4 (Insurance Contracts) issued by the International Accounting ...

While a new key performance indicator (KPI) under IFRS 17 was intended to replicate the well-known combined ratio, this equivalence might not hold true in practice when all components and complexities ...

Explore the major differences between IFRS and U.S. GAAP, including inventory write-downs, intangible assets, and accounting ...

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of the International Financial Reporting Standard (IFRS) 17 - Insurance ...

15 Mar 2024 (Johannesburg Stock Exchange) Clientèle Limited has issued a trading statement indicating a significant decrease in earnings for the six-month period ended December 31, 2023. This follows ...

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...