BDO releases IFRB 2023/06 Implications of IFRS 17 for Non-insurers
14. Juli 2023
BDO has released IFR Bulletin 2023/06 Implications of IFRS 17 for Non-insurers. While IFRS 17 Insurance Contracts has fundamentally changed how insurance contracts are accounted for by insurers, non-insurers may also be affected if they issue contracts that are within the scope of IFRS 17’s requirements, which may not always be readily apparent. The IFR Bulletin sets out several examples of implications of IFRS 17 for non-insurers in areas such as warranty contracts, fixed-fee service contracts, financial guarantee contracts issued, indemnifications issued by a seller in a business combination.
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