IFRS 9 changes how financial assets are classified and measured, and requires expected credit losses (ECL) to be recognised before a default actually occurs. For insurers, this work sits alongside IFRS 17 — the two standards share transition dates, discount-rate considerations and disclosure timelines, so we treat them as one coordinated exercise rather than two separate projects.
Business model and SPPI assessment for financial assets — amortised cost, FVOCI or FVTPL.
ECL modelling across the three-stage impairment approach, including significant increase in credit risk (SICR) triggers.
Probability of default, loss given default and exposure at default estimation, calibrated to available data.
Aligned assumptions, discount rates and transition timelines where both standards apply.
Insurers, banks and financial institutions in Egypt and the GCC implementing or maintaining IFRS 9, particularly where it interacts with IFRS 17 reporting.
• Impairment methodology documentation
• Macroeconomic scenario and forward-looking overlay support
• Audit-ready assumption memoranda