The implementation of IFRS17 is believed to contribute to prudence and financial stability. It can effectively improve the comparability between the insurance companies and increase the transparency about necessary information. It is vital for everyone within the industry to at least, have an understanding about it.
We are honored to have Ms. Joyce Lau, Former Chief Financial Officer of Target Insurance Company Limited to share her knowledge in IFRS17 with EMSC-INS students. She started with brief overview for the topic to key judgements, strategic and operational challenges after the implementation. The session was closed by a meaningful in-class discussion on the impacts on management, investors, and regulators.