Course description
Addressing IFRS 17 Transition Challenges
As published by the International Accounting Standards Board (IASB), IFRS 17 will be effective for annual reporting periods beginning on or after 1 January 2023, replacing IFRS 4 on the accounting standard for insurance contracts. Being the biggest substantial changes to the insurance industry over a decade, adopting the new system will be a significant challenge.
The 3-day virtual training course will provide delegates with an in-depth understanding of the IFRS 17 requirements, strategies and approaches for the implementation, measurement methods, as well as addressing the systems and related data issues within the transition.
A variety of leading experts in the field of insurance will deliver this training course. It is held in an open and discussion based learning environment to promote the sharing of best practice approaches.
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Suitability - Who should attend?
Who should attend?
Relevant departments may include but are not limited to:
- IFRS 17 Implementation
- Accounting Policy/Standards
- Actuary
- Financial Accounting
- Regulatory Reporting
- Systems and Data
- Reinsurance
Outcome / Qualification etc.
What will you learn?
- The timeline of IFRS 17 transition and its underlying principles
- Applying IFRS 17 to reinsurance
- The different approaches to transition and how to choose your approach
- How to make use of Solvency II models for developing IFRS 17 accounting models
- Practical Insight into systems and data management
Training Course Content
Day 1
- Overview of IFRS 17 Implementation
- Measurement Models in Detail & Determination of Investment Components
- Leveraging Solvency II Models for Developing IFRS 17 Accounting Models
Day 2
- Recognition of Insurance Contracts
- Applying IFRS 17 to Reinsurance
- IFRS 17 Profit Emergence and Volatility
Day 3
- Managing the Implementation and Approach to Transition
- Practical Insight into Systems and Data Management
Course delivery details
Live Virtual training courses
Our live virtual training courses have been designed to engage and inspire you. Much more than a webinar, our approach includes:
- Technical content compressed into 60-minute interactive sessions and spread out over two, three or four days
- Facilitated collaboration including Q&A, interactive polling and group workshops
- Live interaction with subject matter experts – get your questions answered in real time
- Receive comprehensive course materials and supporting content from Risk.net to reinforce your learning
- Stay connected with other learners and extend your network by joining our dedicated LinkedIn group for course participants
Why choose Risk Training
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500+ Companies per year
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Expenses
Course pricing structure
- Early Bird Rate(UK Businesses): $1,199.00 + $239.80 VAT
- Group 3for2 rate (UK Businesses): $999.00 + $199.80 VAT
- Early Bird Rate(Outside UK): $1,199.00
- Group 3for2 rate (Outside UK Businesses): $999.00
- Academic rate: $999.00