IFRS17InsuranceContractsAdvisory

Expert guidance on IFRS 17 implementation, measurement, and insurance contract accounting.

Overview

TransformInsuranceReporting

Insurance accounting under IFRS 17 introduces complex measurement and reporting requirements across portfolios.

Without proper implementation, inconsistencies can impact financial transparency, compliance, and stakeholder confidence.

WEchartered helps organizations apply IFRS 17 to achieve accurate, consistent, and compliant financial reporting.

Industries We Serve

Who We Work With

Life Insurance

Managing long-term policy liabilities, actuarial accounting, and financial reporting in accordance with applicable standards.

General Insurance

Handling short-term contracts, claims liabilities, and related accounting and reporting in accordance with applicable standards.

Reinsurance

Handling short-term contracts, claims liabilities, and related accounting and reporting in accordance with applicable standards.

Insurtech

Supporting digital insurance business models, underwriting processes, and technology-enabled risk assessment frameworks.

Financial Services

Managing embedded insurance components in products, including risk assessment, pricing structures, and compliance with regulatory

Corporate Entities

Assessing insurance elements within contracts, including risk transfer, coverage classification, and compliance with relevant accounting

How We Help

Streamline Insurance Accounting

We support IFRS 17 implementation across measurement, reporting, and systems to ensure accurate insurance contract accounting and full compliance with international financial reporting standards effectively.

Our approach ensures compliance and financial transparency.

Why WEchartered

Why Choose Our Insurance Advisory Team

We deliver deep IFRS 17 expertise aligned with global insurance reporting and US market expectations.

Insurance Expertise

We possess a strong understanding of complex insurance accounting and actuarial concepts to ensure accurate financial reporting

Technical Depth

We possess deep expertise in navigating the critical differences between IFRS 17 and ASC 944 to ensure accurate insurance contract accounting

Implementation Focus

Practical support across systems and reporting processes ensures efficient operations and accurate data management.

Global Perspective

Support for multinational insurance reporting requirements helps companies comply with diverse global regulatory standards effectively.

CASE STUDIES

Real-world examples of our work and impact.

Private Equity Fund Firm in the USA

A US-based private equity fund firm managing multiple portfolio companies approached WEchartered to improve its portfolio monitoring and financial oversight capabilities.

A CPA / Accounting Business in Australia

A well-established CPA and accounting services firm based in Australia approached WEchartered to address operational challenges caused by a shortage of skilled accounting professionals.

An Influencer Funding Firm in the USA

A rapidly growing influencer funding firm in the United States approached WEchartered to improve the efficiency of its outreach and lead discovery operations.

Frequently Asked Questions

IFRS 17 is an accounting standard that establishes principles for recognition, measurement, presentation, and disclosure of insurance contracts.

IFRS 17 applies to US-listed foreign insurers, multinational insurance groups, and entities reporting under IFRS rather than US GAAP.

IFRS 17 introduces a consistent global model, while US GAAP under ASC 944 uses different measurement approaches for insurance contracts.

Fulfilment cash flows represent the present value of expected future cash flows, adjusted for risk, used to measure insurance liabilities.

The contractual service margin represents unearned profit that is recognized over the coverage period of insurance contracts.

Challenges include data complexity, actuarial modelling, system integration, contract grouping, and consistent financial reporting.

CONTACT US

Talk to a US Advisory Expert Today

Whether you need tax guidance, audit support, or a long term financial strategy partner, our US team is ready to engage quickly and effectively. Get in touch and take the first step toward financial clarity.