How do IFRS 17 and IFRS 9 interact?

The way we present the Allianz Group financial statements will change in the future. Two new accounting standards, IFRS 17 for insurance contracts and IFRS 9 for financial instruments introduce fundamental changes. Our previous clips have focused on the mechanics of the two standards IFRS 17 (https://youtu.be/H5EGeaz9lbI) and IFRS 9 (https://youtu.be/LkYUD6QzpfE). This video clip will now display the dependency and interaction of the two standards. Please SUBSCRIBE to Allianz on YouTube if you want to watch more videos like this or want to keep up to date with the latest content from F1, FC Bayern München, Lang Lang and other Allianz videos from around the world! (Just click SUBSCRIBE button on this page or visit ‪http://www.youtube.com/subscription_center?add_user=allianz)‬ Watch more video from these playlists: F1 Road Safety - https://www.youtube.com/watch?v=himIvaTEtaU&list=PLDB527DD34A51440E FC Bayern Munich - http://www.youtube.com/watch?v=k_PqVcP2PMk&list=PL4D4846EF0F9F25FB Paralympics - http://www.youtube.com/watch?v=SxooPBhwsKc&list=PL7849488D35847E8E One thing that matters - http://www.youtube.com/watch?v=o3vF2lw5vzs&list=PLhyiS8QYFhmnrG0TG_S4GLNavCHDkQxR2 Allianz videos from around the world - http://www.youtube.com/user/allianz/videos?sort=dd&view=50&shelf_id=6 Allianz Careers - http://www.youtube.com/playlist?list=PLhyiS8QYFhmmOyVhM57ecB6CEbam5Ppyy Follow us on Facebook: https://www.facebook.com/Allianz Follow us on Instagram at http://www.instagram.com/allianz About Allianz: The Allianz Group is one of the world's leading insurers and asset managers with more than 88 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 660 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2017, over 140,000 employees in more than 70 countries achieved total revenues of 126 billion euros and an operating profit of 11 billion euros for the group. Please visit http://www.allianz.com