About the Event

About

About the Course

In 2017, the International Accounting Standards Board (IASB) introduced IFRS 17, presenting a major change for the insurance industry, which could potentially have a more dramatic impact that Solvency II. Though implementation is not required until 2021, it is important for the industry to get to grips with that the new standards will require and begin considering their implementation strategies.

Day one will delve in to the key elements of the IFRS standards, the different measurement models and the key challenges of implementing the systems and related data issues. Day one will finish with a look at the treatment of different investment components.  Day two will start with a session on applying IFRS 17 to reinsurance contacts. Further sessions will include approaches to transition, how to leverage solvency II models for IFRS 17 accounting models and a look at what the future might look like post implementation. 

Learning Outcomes:

  • What IFRS 17 means for the industry 
  • Strategies for implementation 
  • Learning how to apply IFRS 17 to reinsurance vs the rest of the business 
  • Comprehending different approaches to transition
  • How to use solvency II models for development IFRS 17 accounting models
  • Evaluating what is next for IFRS 17 and the future will look like post 2021