Application of hedge accounting in insurance companies

Hedge accounting in insurance companies is nothing new. However, the obligation to apply new accounting standards also allows for assessing whether it is appropriate to introduce or modify hedge accounting. This course is aimed at presenting the advantages and disadvantages of hedge accounting and preparing insurance companies for its application.

Vladimír Dvořák

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Course fee: 7 200,- CZK ex. VAT

Starting from a theoretical basis, you will gradually get acquainted with the application of hedge accounting for different types of risks, in particular currency and interest rate risks.


Who are the intended participants?

  • Finance, planning, treasury, or risk management department employees in insurance companies
  • Accounting or controlling department employees involved in the preparation of financial statements under IFRS
  • Employees involved in the preparation of hedge accounting documents


  • Summary of hedge accounting rules (CAS, IAS 39, IFRS 9)
  • Documentation structure and scope
  • Effectiveness assessment methods
  • Calculation of ineffectiveness, method of determining hypothetical derivative
  • Costs of hedging – new possibilities/requirements for separating the intrinsic value of an option, forward element, or currency basis spread
  • Application of hedge accounting on a group basis
  • Currency risk hedging
  • Interest rate risk hedging (assets and liabilities)


During the course, you will:

  • Obtain information on accessing the application of hedge accounting requirements for different risks specific to the insurance sector
  • Learn to test effectiveness or prepare hedge accounting documentation on your own
  • Learn about the (dis)advantages of the old (IAS 39, CAS) and new (IFRS 9) hedge accounting concepts
  • Clarify the scope of changes required to systems and processes to set up hedge accounting.