Event Agenda

timings of sessions

Day 1 - Wednesday 27th February 2019

08:30

Registration and refreshments

09:00

Overview of IFRS 17 Implementation   

  • IFRS 17 the missing standard – why does it matter, how will it help?
  • Underlying principles and comparison to IFRS 4
  • High level overview of measurement models and their usage
  • What will it look like? Changes to presentation and its reporting
  • The next 3 to 5 years – what are the implementation changes?

10:30

Morning break

11:00

Measurement Models in Detail

  • General measurement approach (Building Block Approach)
  • Premium allocation approach (PAA)
  • Variable fee approach

Determination of Investment Components

  • Applying IFRS 17 to all components of the host insurance contract
  • Treatment of investment components
  • Impact on profit sharing schemes 

12:30

Lunch

13:30

Practical Insight into Systems Management

  • Addressing key challenges of system requirements
  • Understanding the business impacts of IFRS 17 when adapting internal processes
  • Availability of data and data flows
  • Data quality and management issues
  • How do we solve these challenges?
  • Role of machine learning

15:00

Afternoon break

15:30

IFRS 17 Profit Emergence and Volatility

  • Impact of underwriting risks: profitable vs. onerous contracts
  • Impact of financial risks 
  • Interaction with assets and IFRS 9  
  • Case studies

17:00

End of day one

Day 2 - Thursday 28th February 2019

08:30

Refreshments

09:00

Applying IFRS 17 to Reinsurance    

  • How do you treat a reinsurance contract?
  • Challenges of accounting mismatches
  • Internal reinsurance

Speaker: Michael Winkler, Managing Director, RefinSol GmbH

10:30

Morning break

11:00

Approach to Transition  

  • Full retrospective approach
  • Modified retrospective approach
  • Fair value approach
  • Choosing your approach

12:30

Lunch

13:30

Leveraging Solvency II Models for Developing IFRS 17 Accounting Models

  • Cash flow models
  • Discount rate   
  • Granularity of information  
  • Probability-weighted estimates of the future cash flows  
  • Learning from Solvency II

15:00

Afternoon break

15:30

What next? Looking to 2022 and beyond

  • Emerging issues
  • Implementing your plan, enhancing processes and controls   
  • Getting your comparative balance sheets ready
  • Communication
  • Industry consensus?
  • Non-insurance entities – how will they be impacted?  

17:00

End of course