Get in Touch
 Duration 21 hours

Course Outline

Foundations of IFRS 17

  • The objectives and scope of IFRS 17
  • Core concepts and key definitions
  • Contrasting IFRS 17 with the previous IFRS 4 standard

Accounting for Insurance Contracts under IFRS 17

  • Distinguishing and categorizing insurance contracts
  • Considerations regarding the unit of account and portfolio grouping
  • Decoupling insurance elements from non-insurance components

Measurement Methodologies

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

Financial Reporting and Disclosure Obligations

  • Displaying insurance contracts within financial statements
  • Specific disclosure mandates under IFRS 17
  • Data infrastructure and system prerequisites for compliance

Evaluating the Effects of IFRS 17

  • Consequences for financial results and profitability metrics
  • Implications for insurers' capital adequacy and risk management strategies
  • Real-world case studies illustrating IFRS 17 application

Navigating Implementation Hurdles and Optimal Practices

  • Operational and technological system obstacles
  • Fostering cross-departmental cooperation and governance frameworks
  • Insights gained from organizations that adopted the standard early

Maintaining Compliance and Long-Term Viability

  • Sustaining adherence to changing accounting standards
  • Tracking contract performance metrics in line with IFRS 17
  • Making strategic modifications to enhance transparency and market competitiveness

Key Takeaways and Future Directions

Requirements

  • A solid grasp of fundamental accounting principles
  • Practical experience with financial reporting and statement preparation
  • Familiarity with insurance or financial services sectors is advantageous

Target Audience

  • Insurance companies
  • Financial controllers
  • Financial analysts
  • Actuaries
  • Internal and external auditors
  • Accountants and other finance specialists

Number of participants


Price per participant

Testimonials (4)

Upcoming Courses

Related Categories