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 and interpreting an insurance contract
- Separating non-insurance components
- Identifying insurance risk
- Grouping contracts into units of account and portfolios
Financial Statements
- Understanding the General Measurement Model
- Grouping entries into blocks
- Exploring other accounting models
- Dissecting 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 approach
- Modified retrospective approach
- Fair value approach
Disclosures
- Understanding the IFRS 17 disclosure regime
- New data requirements
- Other compliance considerations
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
- Boosting the profitability of an insurance company
Summary and Conclusion
Requirements
- A foundational understanding of basic accounting principles
Audience
- Insurance professionals
- Controllers
- 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