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IFRS17

IFRS17

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**IFRS17**

What is IFRS17?

IFRS 17 is the International Financial Reporting Standard that specifies the accounting for insurance contracts. It aims to provide a more consistent and transparent way of reporting financial performance of insurance companies, making it easier to compare them across different countries and industries. It requires insurance liabilities to be measured at a current value, and profit is recognised as insurance services are provided.

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