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Axa Affin Life CFO: IFRS17 will spur systems overhaul

Indira Vergis
The new accounting standard set to come in from 2021 will require significant changes at Malaysian insurers, as well as more actuarial staff.
Axa Affin Life CFO: IFRS17 will spur systems overhaul

Malaysian insurers will have to significantly alter and invest in their processes and systems as a result of the new accounting standards that are likely to take effect in 2021, the chief financial officer of Axa Affin Life Insurance Malaysia has said.

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