What is Contract Grouping under IFRS 17? Imagine being handed 50,000 active insurance contracts and told to “group them under IFRS 17.” Where do you even start? That’s the challenge many insurers across the region are facing today. If you’ve been following our IFRS 17 series, you already know the big picture—the ‘what’ and ‘why’ of this transformative standard. In our previous post on Get ready for IFRS 17, we introduced the new measurement logic that reshapes how insurers recognize revenue and profit. Now it’s time to roll up our sleeves and tackle the ‘how.’ Here’s the reality: I’ve noticed insurers often struggle with contract grouping. Some try to break…