“Implementación de la NIIF 17 “Contratos de Seguros” y su futuro impacto en la situación económica financiera de Ecuasanitas S.A. Sucursal Portoviejo, periodo 2018”

Abstract

For Ecuadorian companies, the process of converting Ecuadorian accounting regulations to International Financial Reporting Standards (IFRS) leads to an organizational transformation that fills challenges within its application due to the multiple interpretation and technical expertise that encompass the requirements of the international standard. . However, the presentation and disclosure of financial information in accordance with international regulations allows companies to show their economic and financial situation in a more reliable and relevant way, and also makes it a comparable basis with organizations in the same branch and not only locally, but also globally. Therefore, the path that companies must follow in their incursion to IFRS, although it requires a high level of preparation and organization, this also generates great value and innumerable benefits for them. Based on this premise, the success of the application process of IFRS 17 in an insurance company lies in the level of analysis, detail and quality of the diagnosis and planning carried out once the standards that would directly and significantly affect the organization have been identified. With these considerations, this research work has been developed in order to identify the impacts of the transition from IFRS 4 to IFRS 17 within ECUASANITAS SA, and also to analyze the possible effects of this process. , it also includes the evaluation of the change that the processes, controls, systems and functional and organizational structure of the company would experience. For purposes of the present work, the methodology applied to the design of the research was non-experimental, correlations, while its level was descriptive and explanatory. Allowing them to reach the conclusion that this study provides insurance companies with baselines of the changes that may occur and which they will have to face when adopting the International Financial Reporting Standards (IFRS). ) 17 as part of its financial information treatment policies within the scope of the specific rules analyzed here