IFRS 17 to cost industry up to $24bn: WTW
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

IFRS 17 to cost industry up to $24bn: WTW

Rachel Dalton
June 16, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
WTW logo willis building.jpg

WTW has revised up its estimate of the total cost of implementing IFRS 17 to insurers by 20%, now putting it in the range of $18bn-$24bn.

Last year, WTW estimated that the regime could cost the industry up to $24bn.

The change reflects carriers realising more work will be required to implement the reforms than they first realised.

In

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News WTW Regulation
rachel dalton/rachel dalton ii us.png
Rachel Dalton
Lead Reporter
Contact
Gift this article