Get in Touch
 Duration 21 hours

Course Outline

Overview of IFRS 17

  • Objectives and applicable scope of IFRS 17
  • Core concepts and key terminology
  • Contrast between IFRS 17 and the previous IFRS 4

Accounting for Insurance Contracts per IFRS 17

  • Recognition and categorization of insurance contracts
  • Defining the unit of account and portfolio nuances
  • Distinction between insurance and non-insurance elements

Valuation Frameworks

  • General Measurement Model (GMM)
  • Premium Allocation Approach (PAA)
  • Variable Fee Approach (VFA)

Reporting and Disclosure Standards

  • Presentation of insurance liabilities in financial reports
  • Specific disclosure obligations under IFRS 17
  • Data infrastructure and system needs for regulatory adherence

Evaluating the IFRS 17 Effect

  • Consequences for financial results and profit metrics
  • Implications for insurers’ capital structure and risk oversight
  • Real-world examples of IFRS 17 execution

Implementation Hurdles and Optimal Strategies

  • Operational and technological obstacles
  • Fostering cross-departmental teamwork and governance
  • Insights derived from organizations that implemented early

Sustaining Compliance and Long-Term Stability

  • Staying compliant with evolving regulatory standards
  • Tracking contract outcomes in line with IFRS 17
  • Strategic moves to enhance clarity and market competitiveness

Recap and Future Directions

Requirements

  • A solid grasp of fundamental accounting principles
  • Familiarity with financial statements and reporting processes
  • Background knowledge in insurance or financial services is advantageous

Target Audience

  • Insurance companies
  • Financial controllers
  • Analysts
  • Actuaries
  • Auditors
  • Accountants and finance specialists

Number of participants


Price per participant

Testimonials (4)

Upcoming Courses

Related Categories