IFRS 17 – one year on: Speakers: Renaldo De Gouveia, Michael Meerkotter, Tracy Lister, Jac Niemand Chair: Andrew Warren

The accounting standard IFRS 17: Insurance Contracts was published a year ago (18 May to be exact). With implementation date effective 1 January 2021 for most (and a reprieve of a few months for those with year end not coinciding with a calendar year end), there is a lot to do in a short space of time. In South Africa the main initial workload to prepare companies has been performed by the actuarial profession, who will be responsible for the modelling of a significant portion of the new income statement of insurers. We have assembled a panel to discuss some of the pertinent actuarial and other less-actuarial issues that the teams have been grappling with this last year.”