QUESTION: Explain the impact of IFRS 17 on each and HOW (before and after IFRS 17 implementation):

Actuarial reserve estimation and related calculations; Accounting process along with the related T-accounts, journal entries, chart of accounts, and mapping; Financial Statements Closing Process FSCP; Financial statements presentation and notes/disclosures thereof; Financial/ratio analysis of the business performance of insurance companies; Management reporting package, KPIs and KRIs; Budgeting process; IT architecture along with the new IFRS 17 Engine; Insurance regulatory/prudential forms/returns; Solvency methodology and related calculation; Solvency 2 is on the cards; Recapitalization of insurance companies; Income tax returns; Credit rating methodology by credit rating agency for insurance companies; External and internal audit process for insurance companies; Risk management methodology; Business model and business strategy;