The impact of the transition to IFRS 17 on the insurance revenue of listed GCC insurers in 2Q2022 is a decrease of 3.0% which is likely the effect of a significant financing component, commissions that are not contingent on claims for assumed business and investment components (excluded from revenue as per IFRS 17), according to the "Q2 2023: GCC Performance Periodical" by Insurance Monitor, a platform that offers insurance information.