IFRS 17 Preparedness Survey 2018 – UK and EU highlights

At the end of 2018, Milliman conducted a global survey to measure the preparedness of insurers and reinsurers for the new International Financial Reporting Standard 17 (IFRS 17). The survey aimed to gauge the progress that firms have made in translating the standard into business as usual (BAU) processes and to compare the progress made in different markets. This report by Milliman’s Laura Hobern, William Smith, and Jennifer Strickland focuses on the UK and European markets and summarises the responses received from 36 companies across the EU, drawing comparisons to the preparedness of firms globally where notable.

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