IFRS 17: Main aspects of the accounting standard

Would you like to obtain a quick overview of the main technical aspects and practical impacts of IFRS 17, the accounting standard for insurance companies? Are you preparing for the planned changes in processes and reporting of insurance companies according to the standard? Would you like to consult on uncertainties? Then this training course is intended for you.

Who are the intended participants?

Accountants and employees of controlling or financial departments of insurance companies reporting in accordance with IFRS standards.
Managers of insurance companies interested in the impact of standards on insurance companies’ accounting and reporting.
Product managers and other employees of insurance companies who will be implementing the accounting standard in their companies.
Other interested parties wishing to obtain a comprehensive overview of the main terms and impacts of IFRS 17

Programme

History, time frame and main impacts of IFRS 17.
Scope of regulation, definition of insurance risks and insurance contracts.
Aggregation of insurance contracts.
Key terms in valuation of insurance contracts according to the standard (contractual service margin, onerous contracts, risk adjustment, etc.).
Brief description of valuation models.
Changes in accounting and reporting.
Transition to IFRS 17.
Main aspects of implementation.

Benefits

After completing the course, you will:

Understand general principles and logics for valuation of liabilities arising from insurance contracts according to the accounting standard.
Obtain an overview of impacts on reporting and interpretation of key reports of insurance companies.
Know about the recommended time frame and implementation procedures.