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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.
Investment

Price per private group, online live training, starting from 3900 € + VAT*

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