Page 29 - MC14326 all pages

Preparing for the future

The much anticipated Insurance Contracts Standard (IFRS 4 phase II) is expected
to be issued in 2016, with an expected effective date after 2019. Although the
effective date may seem far in the future, insurers should start getting ready to
apply the new proposed measurement model.

KPMG can guide insurers on their IFRS 4 phase II journey, to ensure a smooth
transition to the new Standard. Service offerings include training on the requirements
of IFRS 4 phase II; gap analysis between the current IFRS 4 requirements and
the requirements of the forthcoming Insurance Standard; and guidance on the
development of a project and implementation plan.

All service offerings can be tailored for each insurer’s business and products.

kpmg.co.za

For more information contact:
Esther Pieterse
Associate Director
T: +27 (0)82 719 5806
E: esther.pieterse@kpmg.co.za