Navigating IFRS 17 | Practical Guide to Accounting & Actuarial Implementation

Tuesday, June 10th, 2025

£56.00

The stated price excludes all applicable postage charges. Please contact us to discuss bulk orders of ten (10) or more copies and any corresponding discounts that may apply.

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IFRS 17 Implementation Book | Pre and Post Implementation Improvements and Application Strategies 

By Michael Winkler & Sunil Kansal, exploring the complexities of navigating IFRS 17 | ISBN 9783963295249 | Format: Paperback | Pages: 230

Navigating IFRS 17 is a practical and accessible book designed for professionals in the insurance industry, finance experts, and actuaries. It is also ideal for others with a strong interest in the insurance industry, including regulators, market specialists, rating agencies, investors, accounting bodies, and academics.

Written by leading experts Michael Winkler and Sunil Kansal, Navigating IFRS 17 breaks down the new standard into clear, actionable steps. It helps readers understand the key principles and successfully apply them in real-world contexts.

The IFRS 17 standard, adopted in over 144 jurisdictions, significantly changes how insurance contracts are reported. Therefore, this book offers an essential roadmap for implementation, bridging theory with practice.

Navigating IFRS 17: A Practical Guide to Accounting and Actuarial Implementation covers the core principles and real-world challenges of IFRS 17 implementation. Readers will explore foundational components such as the Contractual Service Margin (CSM), Risk Adjustment, and Fulfilment Cash Flows, and gain strategic insights into cross-functional alignment between finance and actuarial teams.

With practical examples, visual frameworks, and expert guidance, this book empowers professionals to move beyond compliance to confident execution. Whether leading implementation or providing critical support, you will find clarity, structure, and tools to navigate IFRS 17 with precision.

 

Key Features of the Best IFRS 17 Book

  • Clear Explanations: Covers key IFRS 17 concepts such as the contractual service margin (CSM), risk adjustment, and discounting, using simple language and examples.
  • Hands-On Guidance: Step-by-step implementation tips help you tackle everyday challenges with confidence.
  • Integrated Viewpoint: Combines both accounting and actuarial perspectives, ensuring cross-functional understanding.
  • Visual Learning Tools: Flowcharts, tables, and diagrams make complex topics easier to grasp and apply.

 

Why Professionals Choose This IFRS 17 Book

Unlike many resources that focus only on either accounting or actuarial methods, Navigating IFRS 17 takes an integrated approach. As a result, it delivers a well-rounded understanding—helping teams collaborate effectively and meet regulatory demands without confusion.

 

About the Authors

Sunil Kansal is a renowned IFRS and US GAAP specialist with deep expertise in financial instruments, including insurance contracts, financial modelling, valuation, and structuring. Over 24 years, he has worked with all Big Four accounting firms and major investment banks, including Bank of America, ING, and Nomura. Sunil has deep expertise in the implementation of IFRS 17, gained through his involvement in various implementation projects.

He has also advised regulators and financial firms on IFRS 17 application. Sunil is the Head of Consulting at Shasat Consulting and a thought leader in bridging accounting principles with real-world transactions for meaningful business outcomes.

Michael Winkler is an accomplished actuary and risk expert with over two decades of experience in the insurance and financial services industries. He has led major IFRS 17 implementation projects across Europe and has advised multinational insurers on actuarial modelling, financial reporting, and regulatory compliance. Michael is a frequent speaker at global conferences and has published extensively on actuarial transformation and insurance accounting.

 

Why to buy this book

IFRS 17 is revolutionising insurance reporting across more than 144 jurisdictions worldwide. This mandatory standard is transforming how insurers operate, impacting all major international insurance groups. As IFRS 17 becomes the new norm, a comprehensive understanding of its principles and implementation strategies is crucial for professionals in the field.

Navigating IFRS 17: A Practical Guide to Accounting & Actuarial Implementation, occupies a unique position as the definitive guidance resource for both accountants and actuaries.

Key features of the book include:

  • In-depth Analysis: Demystifying the principles and requirements of IFRS 17, enabling readers to comprehend its background, potential pitfalls, and lessons learned.
  • Practical Guidance: Providing a step-by-step approach to understanding and implementing IFRS 17, ensuring a smooth transition.
  • Comprehensive Coverage: Detailed discussions on leveraging Solvency II work, structuring portfolios, cash flows, discounting, risk adjustment, contractual service margin, and designing the accounting framework.
  • Expert Insights: Authored by industry leaders, the book offers insights from real-world experiences and high-level technical expertise.

Unlike other publications that focus solely on the accounting perspective or specific regions, Navigating IFRS 17 offers a holistic view that bridges the gap between accounting and actu- arial practices. It is an indispensable resource for insurance industry professionals, including CFOs, CROs, accountants, auditors, actuaries, underwriters, risk managers, market analysts, regulators, accounting bodies, and students in academia.

 

Frequently Asked Questions (FAQ)

What makes this book essential for IFRS 17 implementation?

This book provides a clear, practical guide to implementing IFRS 17 across all insurance sectors. It explains core components such as PAA, GMM, VFA, CSM, Risk Adjustment, Discounting, and the Contractual Service Margin (CSM) in plain language. The book includes actual insurance contract examples and insights drawn from global IFRS 17 implementation projects.

Is this book suitable for both accounting and actuarial professionals?

Yes. One of the book’s key strengths is its interdisciplinary approach, making it ideal for insurance industry professionals, finance experts, actuaries, and all other insurance professionals. It also benefits those outside the industry who seek to understand the intricacies of IFRS 17. The book bridges communication gaps between teams by presenting IFRS 17 concepts in a unified, practical context.

Does the book address challenges beyond the initial implementation phase?

Absolutely. It discusses post-implementation hurdles such as CSM roll-forward tracking, disclosure design, and integration with Solvency II frameworks. Readers gain insight into lessons learned by early adopters and how to adjust systems and models for ongoing compliance.

How does this guide compare to other IFRS 17 resources?

Unlike academic or highly technical texts, Navigating IFRS 17 is designed to be both comprehensive and practical. It features actual examples using insurance contracts, clear graphics, and actionable strategies that simplify translating IFRS 17 requirements into day-to-day application.

 Availability

Navigating IFRS 17: A Practical Guide to Accounting & Actuarial Implementation is available worldwide in paperback and eBook formats.  You can purchase the book directly from trusted platforms including:

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Get in touch to order your copy today.

 

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Shipping Information

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Bulk Orders & Institutional Discounts

We offer exclusive bulk pricing for larger orders. When you purchase 5 or more copies, a 7% discount will be automatically applied at checkout. For institutional or high-volume orders—including those from accounting boards, actuarial associations, libraries, universities, and corporate teams—please contact us directly to receive a custom quote, tailored invoicing, and support with shipping logistics.

eBook Availability

The eBook edition of Navigating IFRS 17: A Practical Guide to Accounting & Actuarial Implementation is now available on Amazon Kindle. You can purchase and download it instantly, then read it on any device using the Kindle app—available for smartphones, tablets, and desktops. The Kindle version supports bookmarks, note-taking, highlighting, and full-text search for efficient study and reference.

 

 

IFRS 17 Implementation Book | Navigating IFRS 17: A Practical Guide to Accounting & Actuarial | Back Cover Page | Shasat

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