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IFRS 17 – Insurance Contracts

Implementing IFRS 17 Insurance Contracts with ease
powered by Hamilton Predictive Accounting


The requirements for IFRS 17 are extremely complex, multi-faceted, interdependent, and it is as complicated as reporting standards come. Predictive accounting and use case driven approach as unique advantages in Hamilton engine, and proven helping insurance companies calculating CSM and preparing the fundamentally changes the presentation of insurance results in the income statement and balance sheet with ease. Hamilton engine provides a comprehensive, integrated, and complete solution for IFRS 17 use cases and its mandatory quantitative disclosures.

The Adoption of IFRS 17 in Indonesia in to PSAK 74


IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2023 with earlier application permitted
as long as FRS 9 is also applied.
Insurance contracts combine features of both a financial instrument and a service contract. In addition, many insurance contracts generate cash flows with substantial variability over a long period.

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