IFRS17 v komerčních pojišťovnách

This diploma thesis tries to draw attention to the difficulty of implementing the new accounting standard. It focuses on IFRS 17 – Insurance contracts, which entered into force on January 1, 2023 and it replaced IFRS 4 – Insurance contracts. This work examines the effects mainly on Czech commercial insurance companies. It also focuses on the benefits that insurance companies will gain from using the new standard. The implementation of the standard is demanding in time and money, with great demands on the quantity and quality of stored data. The main objectives of IFRS 17 are to improve accounting procedures, to unify reporting and to improve the transparency and comparability of the results of insurance companies. Insurance companies take a responsible approach to the changes, they carefully thinking through the choice of methods they will use to implement them and they confirm the difficulty of the transition. The transition to IFRS 17 will significantly affect the equity capital of insurance companies because the differences compared to previously used methods are charged against equity.