Influence of Implementing IFRS 17 on Economic Worth and Financial Effectiveness of Insurance Firms in Iraq: A Practical Investigation Utilizing Data Envelopment Analysis (DEA)
DOI:
https://doi.org/10.47604/ijfa.3793Keywords:
IFRS 17, Iraqi Insurance Firms, Economic Value Added (EVA), Data Envelopment Analysis (DEA), Financial Efficiency (FE)Abstract
Purpose: This research aims to examine how adopting IFRS 17 changes the Iraqi insurance sector specifically, how it boosts the quality of financial reports, strengthens financial solvency, and improves overall company performance.
Methodology: To do this, the study builds on recent work about IFRS 17 in Iraq. It took a quantitative and comparative approach. In this research, the researcher used Data Envelopment Analysis (DEA) and standard statistical tools to measure how this new standard affects financial performance in insurance companies. While the exact details might shift from one paper to another, this general framework holds.
Finding: The results speak clearly: adopting IFRS 17 has a strong, statistically significant positive effect on both the economic value and financial efficiency of Iraqi insurance companies. It addresses the shortcomings that plagued IFRS 4 and sets a new benchmark for transparency and effectiveness in the sector.
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References
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Copyright (c) 2026 Omar Abdullah Saudi Alobaidi
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