
Malayan Insurance completes IFRS 17 rollout ahead of deadline
The implementation was extended to 2027.
Malayan Insurance said it has become one of the first non-life insurers in the Philippines to achieve full readiness for IFRS 17, completing its implementation of the SAS IFRS 17 solution two years ahead of the revised national deadline in 2027.
The insurer’s adoption of the international accounting standard was originally in line with the 2025 implementation timeline before the Philippines extended it to 2027.
Founded in 1930, Malayan Insurance operates more than 30 branches and service offices nationwide.