Thank you for sending your enquiry! One of our team members will contact you shortly.
Thank you for sending your booking! One of our team members will contact you shortly.
Course Outline
Introduction
- The journey from IFRS 4 to IFRS 17
Overview of IFRS 17
- Key changes from IFRS 4 to IFRS 17
Insurance Contracts
- Reading an Insurance Contract
- Separating non-insurance components
- Identifying insurance risk
- Organizing contracts into units of account and portfolios
Financial Statements
- Understanding the General Measurement Model
- Grouping entries into blocks
- Alternative accounting models
- Analyzing 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 method
- Modified retrospective method
- Fair value method
Disclosures
- Understanding the disclosure requirements under IFRS 17
- New data requirements
- Other compliance issues
Transitioning to IFRS 17
- Assessing the scope of an IFRS 17 transition
- Assembling an implementation team
- Preparing a transition plan
- Creating and maintaining a schedule
Transparency and Profitability
- Identifying and measuring insurance contract performance
- Enhancing transparency in contracts and reporting
- Increasing the profitability of an insurance company
Summary and Conclusion
Requirements
- A foundational understanding of basic accounting principles
Target Audience
- Insurance industry professionals
- Financial controllers
- Financial analysts
- Actuaries
- Auditors
- Accountants and other finance professionals
21 Hours
Testimonials (3)
Good communication, open for discussion, kept it interesting and engaging
Ahmet Keyman - Keytrade AG
Course - Management Accounting and Finance for Non-Finance Professionals
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
Experience and provide necessary information to the topics