IFRS 17 – Insurance contracts: get ready

Ten years after the publication of the first discussion paper on insurance contracts, the new International Financial Reporting Standard (IFRS) 17 was published on 18 May 2017. It is now effective for annual reporting periods beginning on or after 1 January 2023.

IFRS 17 represents the most significant change to insurance accounting in decades.

Under the new standard, the measurement and accounting principles for insurance liabilities are fundamentally changed and will impact future performance indicators. Insurance companies now have less than three years in which to introduce the standard and anticipate the impacts which will affect every aspect of the organisation.

Essential INED considerations re IFRS17

James and Vitalina discuss key questions that Board members can ask to navigate the transition to implementing IFRS 17 successfully in their firms.

Read more here

Financial services news

22 Oct 2026

Payments and e-money firms

At the Central Bank of Ireland's Payments and E-Money Industry Seminar on 21 October 2026, Director Domhnall Cullinan set out a clear supervisory agenda for payment institutions (PIs) and electronic money institutions (EMIs): growth and innovation must be matched by strong governance, resilience, safeguarding and consumer-focused outcomes.

14 Oct 2026

Liquidity risk management

Following a thematic review, the Central Bank of Ireland (CBI) has published results which highlight how MiFID firms manage liquidity risk.

9 Oct 2026

BCBS 239 and risk data governance

Since its publication in 2013, BCBS 239 has become a fundamental component of the regulatory framework for effective risk data aggregation and reporting within the banking sector.