Key performance indicators (KPIs) are the foundation for the management packs used by Boards to manage and assess the business; and are often metrics used by analysts for similar purposes.
Long before IFRS 17 goes live, Boards, analysts and investors will want to know what the most critical KPIs will look like under the new bases of evaluation. Many insurers will need to make changes to their existing measures and decide on new KPIs.
We believe insurance senior management should be proactive about the new KPI reporting at the early stage of their IFRS 17 programmes.
Our 4 step programme can help insurers deliver the right set of messages during and after transitioning to IFRS 17. This will significantly alleviate the pressure on the business during the crucial year of transition and enable effective upfront engagement with the investor community.
Find out more by downloading our 'Changing the way your business is judged' leaflet below.
"Understanding the implications and explaining the new KPIs to analysts, investors and the business are critical in providing an effective basis for decision making and ensuring that your market valuation reflects the genuine performance and potential of your business."
Partner, UK Insurance Leader and Global IFRS 17 Lead, PwC United Kingdom
Tel: +44 (0)7525 299694
Nanthini Paramanathan
Life Insurance Market Leader, Partner, PwC United Kingdom
Tel: +44 (0)7740 241274