Course Outline
Introduction
- The path from IFRS 4 to IFRS 17.
Overview of IFRS 17
- Changes from IFRS 4 to IFRS 17.
Insurance Contracts
- Interpreting an insurance contract.
- Separating non-insurance components.
- Identifying insurance risk.
- Grouping contracts into accounting units and portfolios.
Financial Statements
- Understanding the General Measurement Model.
- Grouping entries into blocks.
- Other 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 approach.
- Modified retrospective approach.
- Fair value approach.
Disclosures
- Understanding the disclosure regime in IFRS 17.
- New data requirements.
- Other compliance issues.
Transitioning to IFRS 17
- Assessing the scope of an IFRS 17 transition.
- Establishing 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 providers.
- Controllers.
- Analysts.
- Actuaries.
- Auditors.
- Accountants and other finance professionals.
Testimonials (5)
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
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.
Elpida - Unemployed
Course - Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF)
The pricing strategies. Need to have more real case examples on the strategies and the pricing methods.
Ruziham A Razak - Telekom Malaysia Berhad
Course - A Practical Guide to Successful Pricing Strategies
Personal service and orientated to my needs