Ind AS 117 Comes Into Effect: New Accounting Standard Transforms Insurance Financial Reporting

Ind AS 117 became effective from April 2026, representing one of the most significant changes to insurance financial reporting. Insurance profits will emerge over the period of service, fundamentally changing earnings visibility. The standard pushes the industry from premium growth optics to earnings quality and risk-adjusted returns.

Source: FE BFSI Analysis (May 2026), ICAI/IRDAI Guidelines