IFRS 17: One size does not fit all. Be ready for 1 January 2023

With just over 1 year to go to the IFRS 17 Go Live date of 1 January 2023, insurers are under pressure to implement the changes required by the Standard.
We will talk through a high level end-to-end implementation journey; highlighting the key areas of the business being impacted by IFRS 17; and the value of a gap analysis project (and key outcomes).

We will show a sample project and resource plan, showcasing how some insurers are managing and delivering upon the change requirements; and how it could differ between life and non life insurance products.

We will outline, by way of examples:

Technical Challenges
Data & Systems Challenges
Operational Impacts
Upskilling and Educational Plans

Our Panelists:

Valerie du Preez, MD Dupro Advisory
Valerie is a senior consulting actuary who has led large scale transformation projects including Solvency II and IFRS 17. Her recent work involves Global Business Readiness and Transitional Lead for multi national reinsurer; End to End IFRS 17 Design Lead for a global insurer and IFRS 17 Programme and Operational Lead for a large annuity provider.

Ed Alant, CEO Criterion Consulting
As an experienced serial founder and consulting actuary, Edward has developed a broad range of skills in a number of actuarial practice areas. One of his current focus areas is the bridge between IFRS 17 system providers and an insurer's IFRS 17 requirements. Having developed partnerships with a number of providers, Edward is able to provide actuarial insight into the software solutions available to assist insurers with their IFRS 17 transformations.

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Ina-Mari Scannell
As a qualified Life Actuary, Ina-Mari previously worked at EY for around 5 years, with strong experience in IFRS 17 and SAM. She is currently working in banking.