Feature

Korean regulator issues IFRS 17 guidance after Q1 results

Non-life insurers’ sale of long-dated products distorted first set of results under the new standard.

By Aaron Woolner

June 26, 2023

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5 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.