Get in Touch
 Duration 21 hours

Course Outline

Overview of IFRS 17

  • Objectives and scope of the standard
  • Foundational concepts and key terminology
  • Differences between IFRS 17 and its predecessor, IFRS 4

Accounting for Insurance Contracts under IFRS 17

  • Identification and categorisation of insurance contracts
  • Defining the unit of account and portfolio grouping
  • Distinguishing between insurance and non-insurance elements

Approaches to Measurement

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

Financial Reporting and Disclosure Requirements

  • Displaying insurance contracts within financial statements
  • Meeting specific disclosure obligations under IFRS 17
  • Data infrastructure and system needs for full compliance

Evaluating the Effects of IFRS 17

  • Consequences for financial results and profitability
  • Influence on insurer capital adequacy and risk management
  • In-depth case studies illustrating practical application

Addressing Implementation Obstacles and Adopting Best Practices

  • Overcoming operational and technological hurdles
  • Fostering cross-departmental teamwork and governance structures
  • Insights and lessons from initial adopters

Sustaining Compliance and Long-Term Viability

  • Adapting to changes in regulatory standards
  • Tracking contract performance metrics under IFRS 17
  • Strategic moves to enhance transparency and market competitiveness

Conclusion and Path Forward

Requirements

  • Solid grasp of fundamental accounting principles
  • Practical experience with financial reporting and statement preparation
  • Background in insurance or financial services is advantageous

Target Audience

  • Insurance company executives
  • Financial controllers
  • Financial and business analysts
  • Actuaries
  • Internal and external auditors
  • Accountants and finance professionals

Custom Corporate Training

Training solutions designed exclusively for businesses.

  • Customized Content: We adapt the syllabus and practical exercises to the real goals and needs of your project.
  • Flexible Schedule: Dates and times adapted to your team's agenda.
  • Format: Online (live), In-company (at your offices), or Hybrid.
Investment

Price per private group, online live training, starting from 4800 € + VAT*

Contact us for an exact quote and to hear our latest promotions

Testimonials (3)

Provisional Upcoming Courses (Contact Us For More Information)

Related Categories