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Course Outline
Introduction to IFRS 17
- Purpose and scope of IFRS 17
- Key concepts and definitions
- Comparison with IFRS 4
Insurance Contract Accounting under IFRS 17
- Identifying and classifying insurance contracts
- Unit of account and portfolio considerations
- Separation of insurance and non-insurance components
Measurement Models
- General Measurement Model (GMM)
- Premium Allocation Approach (PAA)
- Variable Fee Approach (VFA)
Financial Reporting and Disclosures
- Presentation of insurance contracts in financial statements
- Disclosure requirements under IFRS 17
- Data and system requirements for compliance
Analyzing the Impact of IFRS 17
- Impact on financial performance and profitability
- Effects on insurers’ capital and risk management
- Case studies of IFRS 17 application
Implementation Challenges and Best Practices
- Operational and system challenges
- Cross-functional collaboration and governance
- Lessons learned from early adopters
Ensuring Compliance and Long-Term Sustainability
- Maintaining compliance with evolving standards
- Monitoring contract performance under IFRS 17
- Strategic adjustments for transparency and competitiveness
Summary and Next Steps
Requirements
- An understanding of accounting principles
- Experience with financial statements and reporting
- Knowledge of insurance or financial services is beneficial
Audience
- Insurers
- Controllers
- Analysts
- Actuaries
- Auditors
- Accountants and finance professionals
21 Hours
Testimonials (5)
The lecturer is very knowledgeable and can substantiate theories with his own personal experiences.
Harry Estipona
Course - Financial Markets
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
he was informative, shared a lot of material to reference
Siphokazi Mnyebeleza
Course - FinOps For Engineers
i like that it was easy to understand - not too technical
Kirthanya Pillay - Woolworths Financial Services
Course - FinOps Certified Practitioner (FOCP) Preparation
Personal service and orientated to my needs