Course Outline
Introduction
- The path from IFRS 4 to IFRS 17
Overview of IFRS 17
- Changes from IFRS 4 to IFRS 4
Insurance Contracts
- Reading an Insurance Contract
- Separating out non-insurance items
- Identifying insurance risk
- Organizing contracts into units of account and portfolios
Financial Statements
- Understanding the General Measurement Model
- Grouping entries into blocks
- Other accounting models
- Disecting a real-world financial statement
Measurement Approaches
- Initial recognition
- Subsequent measurement
- Premium allocation approach
Managing Contract Types
- Reinsurance contracts
- Direct participation contracts
- Discretionary participation contracts
- Modified contracts
- Derecognition of an insurance contract
Transitional Rules and Approaches
- Fully retrospective
- Modified retrospective
- Fair value
Disclosures
- Understanding the disclosure regime in IFRS 17
- New data requirements
- Other compliance issues
Transitioning to IFRS 17
- Assessing the scope of an IFRS 17 transition
- Putting together an implementation team
- Preparing a transition plan
- Creating and maintaining a schedule
Transparency and Profitability
- Identifying and measuring insurance contract performance
- Improving transparency in contracts and reporting
- Increasing the profitability of an insurance company
Summary and Conclusion
Requirements
- An understanding of basic accounting principles
Audience
- Insurers
- Controllers
- Analysts
- Actuaries
- Auditors
- Accountants and other finance professionals
Testimonials (6)
Instructor interest in our dashboard to provide suggestions.
ELLEN CAROLINE SANTOS RIBEIRO - Aché Laboratório Farmacêuticos S.a
Course - FinOps
Machine Translated
Personal service and orientated to my needs
ANN - New Vitality Clinic
Course - GnuCash for Business Accounting
The pricing strategies. Need to have more real case examples on the strategies and the pricing methods.
Ruziham A Razak - Telekom Malaysia Berhad
Course - A Practical Guide to Successful Pricing Strategies
Trainer, Richard was very good.
Lisa
Course - The Compliance and MLRO Refresher Programme
The trainer was very knowledgeable and well prepared. I think we was very well capable to prepare a training that was suitable for our needs.
Sophia van den Broek - Triple Jump
Course - Corporate Governance
I generally enjoyed the activity after each topic.