IFRS 18 for Insurance Companies: 10 Practical Questions Answered | Implementation

How should insurance companies actually implement IFRS 18 alongside IFRS 17? In this practical extension to Part 3 of the IFRS 18 in Uganda series, we work through 10 implementation questions for insurers using practical scenarios, calculations and worked examples. The masterclass covers: • Main business activity — how an insurer evidences whether investing in financial assets is a main business activity • GWP vs IFRS 17 revenue vs premium cash — why the three measures answer different questions • Insurance service result vs operating profit — rebuilding the insurer’s statement under IFRS 18 • P&L and OCI — how IFRS 17 policy choices affect IFRS 18 operating profit and comprehensive income • Reinsurance — preserving the distinction between insurance contracts issued and reinsurance contracts held • Investing and financing — keeping equity-accounted results in investing and genuine finance costs in financing • FX and derivatives — linking results to the underlying item or managed risk • IAS 7 cash flows — starting from operating profit without simply copying the IFRS 18 P&L map • Insurance KPIs and MPMs — distinguishing ratios and IFRS subtotals from management-defined performance measures • Nature-expense disclosure and the 2026 comparative — building the controlled data and audit trail needed for implementation The recurring implementation lesson is simple: IFRS 18 does not replace IFRS 17 — it changes the performance map through which an insurer’s service, investment and finance results are presented and explained. This video is the practical extension to: Part 3 — IFRS 18 for Insurance Companies: When Investment Return Is Operating It forms part of the playlist: IFRS 18 for Insurance Companies | Practical Implementation Presented by CPA Rogers Nsubuga, ACCA, CPA(U) Nsuvia Institute of Finance Educational material only. It does not constitute accounting, actuarial, legal, investment or regulatory advice. Entity conclusions require analysis of the entity’s own facts, policies and circumstances. #IFRS18 #IFRS17 #Insurance #FinancialReporting #InsuranceAccounting #FinanceTransformation