The Effect of Measuring Insurance Contracts according to IFRS 17 on the Financial Solvency of Insurance Companies in Iraq

The research aims to demonstrate the measurement models in accordance with IFRS 17 and their impact on the value of the assets and liabilities of insurance contracts, and then to illustrate these effects in the margin of solvency in Iraqi insurance companies. This helps companies react and respond positively and early to these effects. To achieve the research objective, research trends on the "insurance contracts" standard IFRS 17 and the financial solvency of insurance companies were reviewed through a comparative input between the European Union and the Iraqi environment. Then studying the effect of measurement models on solvency through a questionnaire that was designed and distributed for this purpose and was analyzed statistically, and through the interpretation of its results. The research reached several conclusions, the most important of which is the statistically significant influence relationship between IFRS 17 scale models and capital solvency in insurance companies. Among other recommendations, the design of simulations by regulators and financial analysts is essential to explain and separate the differences in financial solvency that result from technical processes in insurance companies resulting from changes in IFRS 17-based measurement models.