Name: Live session: Navigating the transformation under IND AS 117 Insurance Contracts
Start: 2023-10-18T17:00:00+05:30
End: 2023-10-18T18:30:00+05:30

Skip to content
Skip to navigation

For more updates follow Grant Thornton Bharat WhatsApp channel

Global site

Global site
Africa
Americas
Asia Pacific
Europe
Middle East

My bookmarks

Services

Global Delivery Services

Services

Grant Thornton offers best business advisory services for foreign and Indian companies. If you also want to do business in India, contact us!

See Overview

Consulting

Adapt to dynamic markets with tailored solutions and expert business consultancy.

See Overview

Business Consulting
Our business consulting specialists offer a comprehensive blend of strategic advisory services. We assess the business, industry, operating model, synergy, skill sets and vision of the organisation and recommend the way forward
Digital Transformation Services
Grant Thornton’s digital transformation services help traditional businesses digitalise their business models with cloud technology, IoT consulting, app development and more DigiTech solutions.
Human Capital Consulting
Our Human Capital Consulting team harnesses technology and industry expertise to assist in constructing adaptable organisations with transparency, fostering productive and value-driven workforces, and inspiring employees to engage meaningfully in their tasks.
Production Linked Incentive Scheme
Production-linked Incentive Scheme by the Indian government is aimed at boosting manufacturing. Grant Thornton Bharat offers varied services across sectors to help businesses avail of this scheme.
Public Sector Advisory
Our Public Sector Advisory team has focused streams, aligned with the core priorities of the Government of India. We are responsible for providing innovative and customized technical and managerial solutions.
Tech Advisory
We have amalgamated Digital Transformation, IT Advisory & Information Management and Analytics into a new offering, DigiTech.

Tax, Regulatory & Finance Consulting

Tax advisory and advisory services in India by Grant Thornton aim to help businesses of all sizes to formulate and implement effective strategies to optimize...

See Overview

Direct Tax services
Our tax specialists offer a comprehensive blend of tax advisory, tax litigation, regulatory and compliance services, helping you navigate through complex business matters.
Indirect Tax Services
Get tax advisory service by leading tax firm Grant Thornton India. Our indirect tax services include advisory, compliance and litigation services for corporate, international and transaction tax
Transfer pricing services
Our transfer pricing services experts provide a range of services from provision of APA services to handling large global assignments including Country by Country reporting.
US Tax
At Grant Thornton, we help individuals and dynamic companies deal with US tax laws, which are one of the most complicated tax legislations across the world.
Financial Services - Tax
Best financial advisory services, tailored for small and large businesses by the experts having comprehensive knowledge of domestic laws and access to multifaceted tools to provide a valuable results.
Financial Reporting consulting services
Our experts have significant hands-on experience in providing IFRS/US GAAP services, end-to-end solutions and support services to fulfil financial reporting requirements.
Fund accounting and financial reporting
International operations often lack standardisation and have varied local reporting formats and requirements. Our experts can offer proactive insights, practical guidance, and positive progress and help meet regulatory timeframes.
Compliance and Secretarial Services
Our experts can assist in overhauling the entire compliance machinery of the organisation through evaluation of the applicable statutory obligations, monitoring of adequate governance controls, reporting and providing ongoing support.
Global People Solutions
As businesses transcend borders, both domestic and global considerations need equal attention. Our interim CFO and financial controller support services help organisations meet the business vision.
Finance and accounting outsourcing
Our accounting experts assist organisations in managing their accounting and reporting. Our dedicated Integrated Knowledge and Capability Centre (IKCC), allows us to service both the domestic and global markets efficiently and cost-effectively
Compliance Management System
We have automation solutions for you that will allow meeting government requirements and remain diligent, which when failed, can lead to penalties and loss in revenue.
IKCC: Grant Thornton's Shared Service Centre
The India Knowledge and Capability Centre (IKCC), aimed at delivering solutions by developing capabilities, has completed four years of its journey.
Global compliance and reporting solutions
At Grant Thornton Bharat, we meet the challenges of our clients and help them unlock their potential for growth. Our professionals offer solutions tailored to meet our clients’ global accounting and statutory reporting requirements. With first-hand experience of local reporting requirements in more than 145+ locations worldwide, we provide seamless and consistent international service delivery through a single point of contact.
Related Party Transactions Governance
Related Party Transactions Governance
Private Client Services
Private Client Services
Labour codes
Labour codes solutions help you transition through the new legislation. At Grant Thornton, we help businesses divide their approach to make sure a smooth transition.
Alerts
At Grant Thornton India, with the help of our tax alerts, we help to provide updates on how to minimise your tax exposure and risks.

ESG & Risk Consulting

See Overview

Cyber
In today’s time, businesses have gone through large transformation initiatives such as adoption of digital technologies, transition to cloud, use of advanced technologies et al.
Governance, Risk & Operations
Our Governance, Risk and Operations (GRO) services encompass Internal Audit, Enterprise Risk Management, Internal Financial Controls, IT advisory, Standard Operating Procedures and other services.
Risk analytics
Grant Thornton Bharat’s CLEARR Insights is a state-of-the art data analytics platform that will help you in seamless data analysis and efficient decision-making.
Forensic & Investigation Services
The team of forensic advisory services experts consists of the best intelligence corporate experts, and fraud risk, computer forensic experts to deliver most effective solutions to dynamic Indian businesses.
ESG consulting
Grant Thornton Bharat offers holistic ESG consulting solutions for sustainable business outcomes. With industry expertise and AI technology, we drive long-term value.

Related insights:

Publication Concurrent monitoring: Empowering progress, enhancing impact

Monitoring is continuous performance tracking against a scheduled timeframe throughout the project’s lifetime. Monitoring involves systematic and purposeful collection of onground information.

Less than a minute | 18 Dec 2023

Deals Consulting

Supporting you to grow your business profitably through our partner-led deals service.

See Overview

Transaction Tax Services
Our transaction tax experts understand your business, anticipate your needs and come up with robust tax solutions that help you achieve business objectives ensuring compliance and efficiency
Deal Advisory
Unlike other M&A advisory firm in India, we offer deal advisory services and work exclusively with controlled and well-designed strategies to help businesses grow, expand and create value.
Due Diligence
Grant Thornton’s financial due diligence services are aimed at corporate looking for mergers and acquisitions, private equity firms evaluating investments and businesses/promoters considering sale/divestment.
Valuations
As one of the leading valuation consultants in India, Grant Thornton specializes in all the aspects of the process like business valuation services, financial reporting, tax issues, etc.
Overseas Listing
Overseas listing presents a perfect platform for mid-sized Indian companies with global ambitions. Grant Thornton’s team of experts in listings, work closely with clients during all stages.
Debt & Special Situations Solutions
Grant Thornton Bharat offers specialist debt and special situations consulting services, including restructuring, insolvency, and asset tracing solutions.

Assurance Services

See Overview

Financial Reporting Advisory Services
Financial Reporting Advisory Services
Financial Statement Audit and Attestation Services
Financial Statement Audit and Attestation Services

Related insights:

Publication Monthly GAAP Bulletin – August 2022

A summary of significant accounting, auditing and related updates.

1 min read | 31 Aug 2022

Global Delivery Services

Grant Thornton’s Global Delivery Services works to provide innovative multi-disciplinary solutions across service lines and expertise areas, with a global...

See Overview

Industries

Helping you shape the future of your industry

See Overview

Agriculture

We offer top-tier agriculture consulting services, tackling challenges and driving growth in India's agri-industry. Discover our expert solutions now.

See Overview

Asset management

We delivers tailored asset management consulting, from governance to technology transformation, enhancing growth and compliance.

See Overview

Automotive and EV

We offers expert automotive consulting for building better mobility businesses, navigating EV transitions, and staying ahead globally.

See Overview

Aviation

Elevate your aviation business with expert consulting services. From strategy to implementation, we guide you towards success in a dynamic industry.

See Overview

Banking

We offers expert banking consulting services, including regulatory compliance, risk management, governance, and transformation solutions.

See Overview

Education and ed-tech

Elevate your education sector with expert consulting services. Navigate challenges, innovate, and achieve excellence with our guidance.

See Overview

Energy & Renewables

Elevate your energy sector with our expert renewable consulting services. We guide you towards sustainable solutions for a brighter future.

See Overview

Engineering & industrial products

Our engineering consulting empowers firms with digitization, strategy, and market insights for sustainable growth.

See Overview

FinTech

We specialize in fintech consulting services, offering tailored solutions for industry challenges like risk management, regulatory compliance, and finance...

See Overview

FMCG & consumer goods

Explore our consumer goods consulting services, covering direct-to-consumer strategies, supply chain optimization, and shop floor transformation.

See Overview

Food processing

Elevate your food processing industry with expert consulting. Unlock growth, minimize waste, and drive economic prosperity for India's future.

See Overview

Gaming

Unlock new levels of success in the gaming industry with Grant Thornton Bharat. Expert gaming consulting, regulatory compliance, tax advisory, and deals...

See Overview

Healthcare

Grant Thornton Bharat healthcare consulting experts facilitating strategic planning, operational execution, and regulatory compliance for sustainable growth.

See Overview

Urban infrastructure

We offers infrastructure consulting to help cities build competitive advantage, mitigate risks, improve efficiency, and create flexible organizations.

See Overview

Insurance

Our experts provides comprehensive insurance consulting services, addressing complex challenges and opportunities in the evolving insurance landscape.

See Overview

Media

Our team of media and entertainment consulting experts crafts strategies and capabilities, empowering companies to adapt to today's industry trends.

See Overview

Medical devices

Unlock growth potential in India's medical device market with Grant Thornton Bharat expert consulting. Navigate regulations and innovate for success.

See Overview

Metals & Mining

We offers metals & mining consulting services to firms with digital integration, collaborative strategies & data-driven insights for growth.

See Overview

NBFC

Grant Thornton Bharat offers tailored strategic guidance, robust risk management, and innovative solutions for NBFCs, enhancing performance and compliance.

See Overview

Pharma, bio tech & life sciences

Navigate towards sustainable success in the health-outcomes-driven ecosystem with our Life Sciences consulting services.

See Overview

Real estate and REITs

Unlock growth opportunities by turning critical real estate issues into success with Grant thornton bharat expert real estate consulting services.

See Overview

Retail & E-commerce

Unlock bold visions for your online and e-commerce channels with Grant Thornton Bharat digital expertise and strategic guidance. Explore now.

See Overview

Specialty chemicals

We offers specialized chemical consulting services, leveraging advanced analytics for informed decisions. Enhance your industry advantage now!

See Overview

Sports

We provide sports consulting services that help organisations and governments, regardless of size, enhance their value through strategic planning, business...

See Overview

Technology

Elevate your business with custom tech solutions. Navigate challenges & seize growth opportunities with Grant Thornton Bharat technology consulting services.

See Overview

Telecom

Unlock growth potential in India's booming telecom market with Grant Thornton Bharat strategic consulting services. Trusted partners across the value chain.

See Overview

Transportation & logistics

We offers innovative transportation solutions, navigating industry changes for impactful results in a dynamic business landscape.

See Overview

Tourism & hospitality

Grant Thornton Bharat offers tourism consulting services, helping clients achieve competitive advantage in India's dynamic tourism and hospitality industry.

See Overview

Our global presence

Our International Corridors

Are you seeking global opportunities? Whether it's establishing operations, enhancing capacities, or making acquisitions, we're here to help.

See Overview

India-UK
India-UK

Past Event: Wednesday, October 18, 2023

The Indian insurance industry is set for a significant transformation as the regulator plans to implement IND AS 117 from 1 April 2024, aligning with global standards like IFRS 17. Under IND AS 117, insurers must provide unbiased estimates of future cash flows and assess the impact of adjustments. This shift will impact financial reporting and influence decision-making processes within insurance companies and the broader industry ecosystem.

In this context, Grant Thornton Bharat is organising a virtual interaction on Navigating the transformation under IND AS 117 Insurance Contracts: Implementation, Challenges and Beyond. Experts from the industry and Grant Thornton UK and Bharat will discuss the implications of the new accounting framework and how they affect the Indian insurance industry.

Key discussion points:

Achievements from the implementation of IFRS 17 and the upcoming challenges – the UK experience
Practical aspects underlying the conversion to Ind AS 117, the challenges and steps towards a smoother transition
Transition impacting business processes, judgements, estimates and decisions
Navigating Ind AS 109 and beyond for financial insights
Industry preparedness and critical considerations for the IND AS 117 Transition