Get in Touch
 Duration 21 hours

Course Outline

IFRS 17 Fundamentals

  • Objectives and extent of IFRS 17
  • Core concepts and terminology
  • Contrasting IFRS 17 with IFRS 4

Accounting for Insurance Contracts under IFRS 17

  • Recognition and categorization of insurance contracts
  • Determining the unit of account and portfolio dynamics
  • Distinguishing between insurance and non-insurance elements

Valuation Methodologies

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

Reporting and Disclosure Standards

  • Displaying insurance contracts within financial statements
  • Mandatory disclosures under IFRS 17
  • Data and system prerequisites for regulatory adherence

Evaluating the Effects of IFRS 17

  • Influence on financial outcomes and profit margins
  • Implications for insurer capital adequacy and risk oversight
  • Illustrative examples of IFRS 17 application

Adoption Hurdles and Optimal Practices

  • Operational and technological obstacles
  • Inter-departmental cooperation and governance structures
  • Insights from organizations that adopted IFRS 17 early

Sustaining Compliance and Long-Term Viability

  • Staying current with evolving reporting standards
  • Tracking contractual performance in line with IFRS 17
  • Strategic enhancements for clarity and market competitiveness

Recap and Future Actions

Requirements

  • A solid grasp of fundamental accounting principles
  • Practical experience with financial statements and reporting processes
  • Familiarity with the insurance or financial services sector is advantageous

Target Audience

  • Insurance companies
  • Financial controllers
  • Financial analysts
  • Actuaries
  • Auditors
  • Accountants and financial specialists

Number of participants


Price per participant

Testimonials (4)

Upcoming Courses

Related Categories