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IFRS 17 Impact on SAM

With just over 4 years into the Solvency Assessment and Management (SAM) framework that fundamentally changed the regulatory reporting landscape for insurers, the financial reporting landscape is now faced with its biggest change in over 20 years – IFRS 17. The transition from IFRS 4 to IFRS 17 brings with it changes to the recognition, measurement, reporting and disclosures for insurance contracts.

Follow this new series as we interpret between what may be just cosmetic changes and others that create more significant differences when compared to IFRS 4.

Whilst in principle, the two frameworks have been designed to stand alone, the number of overlaps cannot be ignored. As the SAM framework uses metrics derived from IFRS, differences between IFRS 4 and IFRS 17 may have consequences on the SAM solvency position of the insurer.

To kick off the series, we look at how Deferred Taxes under SAM will be affected.

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