IFRS 17, Life and Health, Non-life

PICC expect IFRS 17 to have minimal P&C impact, but Life isn’t so rosy

P&C, including combined ratio, will remain largely the same. But revenue recognition for its life business will drop by 67% under the new accounting standard.

Editorial team

April 29, 2023

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4 min read

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28 August

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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

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PICC expect IFRS 17 to have minimal P&C impact, but Life isn’t so rosy