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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.
Price per private group, online live training, starting from 4800 € + VAT*
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Testimonials (3)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Flexibility in the course delivery and the interactive approach. The trainer was open to questions, clarified doubts clearly and also considered participants suggestions during the sessions. The training was well structured and informative.
Soundarya Mohan - Mizuho Bank Europe N.V.
Course - Financial Analysis in Excel
Good communication, open for discussion, kept it interesting and engaging