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Duration 21 hours
Course Outline
Overview of IFRS 17
- Objectives and scope of the standard
- Fundamental concepts and key definitions
- Distinguishing IFRS 17 from the former IFRS 4
Accounting for Insurance Contracts under IFRS 17
- Identification and classification of insurance contracts
- Determining the unit of account and portfolio grouping
- Distinguishing between insurance and non-insurance components
Measurement Frameworks
- General Measurement Model (GMM)
- Premium Allocation Approach (PAA)
- Variable Fee Approach (VFA)
Financial Reporting and Disclosure Obligations
- Presentation of insurance liabilities in financial statements
- Specific disclosure requirements mandated by IFRS 17
- Data infrastructure and system needs for compliance
Evaluating the Impact of IFRS 17
- Consequences for financial performance and profitability metrics
- Implications for insurer capital adequacy and risk management strategies
- Examination of real-world case studies on IFRS 17 implementation
Implementation Obstacles and Best Practices
- Navigating operational and system-related challenges
- Fostering cross-departmental collaboration and governance structures
- Insights from organizations that have already adopted the standard
Sustaining Compliance and Long-Term Viability
- Adapting to evolving regulatory standards
- Continuous monitoring of contract performance under IFRS 17
- Strategic refinements to enhance transparency and market competitiveness
Recap and Future Directions
Requirements
- A solid grasp of core accounting principles.
- Hands-on experience with financial statements and reporting processes.
- Familiarity with insurance or financial services operations is advantageous.
Target Audience
- Insurers
- Controllers
- Analysts
- Actuaries
- Auditors
- Accountants and finance specialists
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 3900 € + 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