A Practical Guide to KPIs under IFRS 17 (FR2)

Explore how Key Performance Indicators (KPIs) are impacted by IFRS 17, how to transition to new KPIs, and how to calculate KPIs under IFRS 17.

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Introduction

If you’re looking to learn more about the new KPIs under IFRS 17, this course is ideal for you. An individual subscription gives you 3 months’ online access to:

  • Course materials
  • Discussion forums to engage and collaborate with like-minded individuals
  • Option to ask tutors questions through forums and Q&A sessions
  • Hands-on practical examples linked to financial reporting work
  • On demand access

As Well As

Our IFRS 17 Resource Library which features Actuartech and Industry specific curated additional content to assist you on your professional development journey.

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Pick from any of our introductory or advanced courses with bespoke insurance and actuarial specific case studies.

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We provide case studies and projects relevant to actuarial work, and based on relevant datasets provided. You have the option to interact and network with your peers.

Overview

The purpose of this course is to give an overview of the Key Performance Indicators (KPIs) that will be required following the implementation of IFRS 17.

Given the extent of the changes, IFRS 17 requires a review from management of the structure and impact of their future performance reporting to investors and other stakeholders. This course covers the impact IFRS 17 has on existing performance indicators, what to consider when transitioning between existing and new KPIs and an overview of expected future KPIs. 

We provide you with examples and hands-on calculations covering the KPIs introduced throughout the course, as well as illustrations on the content that should accompany KPIs and their presentation.

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A Practical Guide to KPIs under IFRS 17

Sign up for a free preview of the IFRS 17 course

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£325 once-off (3-month access)

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Course Structure

The Introduction outlines the objective of the course, as well as the course structure and course contents.

Chapter 1 discusses the Impact on existing performance measures by first providing an overview of previous key performance indicators before discussing which existing KPIs are still expected to be used going forward. 

Chapter 2 outlines Transitioning to new KPIs, including the benefits of embracing stakeholder demands, communicating effectively with stakeholders, key implementation challenges, and suggested key steps to transitioning performance reporting.

Chapter 3 on IFRS 17 driven KPIs, we provide an overview of potential new performance indicators, understanding the underlying message of new KPIs and provide an illustration of KPIs using model financial statements.

Chapter 4 provides a Hands-on Practical Example which covers determining initial recognition and associated KPIs, KPIs derived from the balance sheet and from the profit & loss statement.

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Who's this course suitable for?

  • Anyone looking for a basic understanding of what impact IFRS 17 will have on  KPIs. 
  • Stakeholder engagement and what to consider when transitioning to new KPIs.
  • Anyone looking to understand the underlying message of new IFRS 17 driven KPIs.
  • Anyone involved in insurance contract performance reporting.

Why is this topic important?

  • IFRS 17 requires a significant change in accounting and reporting practices of insurance contracts.
  • IFRS 17 will have a significant impact on most actuarial and finance teams
  • Accounts need to be amended by 1 January 2023.

Short note to say really enjoyed today’s webinar. It had a very clear message. […] fully in agreement with the comments that it is imperative we maintain our professional and ethical stance at all times if we want to continue to be trusted and relied on.

Webinars

I just wanted to say what an interesting presentation that was. Thank you so much for taking the time to put this on for us, it is very much appreciated by all – especially the flexibility around hosting as a webinar instead of the original [in-person] format. It worked very well indeed!

Webinars

I think I’m [one of the first actuaries in my area] who are pointing towards Data Science, creating the new [role] of Actuarial data Scientist. For this reason i [sic] decided to follow a post graduate master in Business Intelligence and Big data analytics. I'm actively following your company and i [sic] think it is one of the best Actuarial consulting company [sic] who [sic] is pointing towards data Science!

Webinars

I love your videos - being free and accessible really helped me. The Q&A session was fantastic! It always comes down to execution and I feel this should always accompany your presentations - answering the question of how will your participants use what you give them. Keep up the great work!

Round Table

Thank you for having me along. I really found it the most motivating conversation I’ve had in a while, and made me think about what I’m trying to achieve within this area. We all need evenings like that to get some perspective on what we *think* is going on and what actually is. It was a very good evening.

Round Table

It was a really good introduction to Data Science and afterwards I felt that I now have a platform that I could use to further my understanding in this area.

Webinars

I am really happy to have been part of the talk. It was very insightful and please keep doing more of this. I am a data science student currently but I have an actuarial background. I worked in life insurance for about 5 months before resigning to do my masters in Data science so that I blend the actuarial world and Data science together. The talk gave me perspective. Even suggested some potential topics for my Thesis.

Webinars

Short note to say really enjoyed today’s webinar. It had a very clear message. […] fully in agreement with the comments that it is imperative we maintain our professional and ethical stance at all times if we want to continue to be trusted and relied on.

Webinars

I just wanted to say what an interesting presentation that was. Thank you so much for taking the time to put this on for us, it is very much appreciated by all – especially the flexibility around hosting as a webinar instead of the original [in-person] format. It worked very well indeed!

Webinars

I think I’m [one of the first actuaries in my area] who are pointing towards Data Science, creating the new [role] of Actuarial data Scientist. For this reason i [sic] decided to follow a post graduate master in Business Intelligence and Big data analytics. I'm actively following your company and i [sic] think it is one of the best Actuarial consulting company [sic] who [sic] is pointing towards data Science!

Webinars

I love your videos - being free and accessible really helped me. The Q&A session was fantastic! It always comes down to execution and I feel this should always accompany your presentations - answering the question of how will your participants use what you give them. Keep up the great work!

Round Table

Thank you for having me along. I really found it the most motivating conversation I’ve had in a while, and made me think about what I’m trying to achieve within this area. We all need evenings like that to get some perspective on what we *think* is going on and what actually is. It was a very good evening.

Round Table

It was a really good introduction to Data Science and afterwards I felt that I now have a platform that I could use to further my understanding in this area.

Webinars

I am really happy to have been part of the talk. It was very insightful and please keep doing more of this. I am a data science student currently but I have an actuarial background. I worked in life insurance for about 5 months before resigning to do my masters in Data science so that I blend the actuarial world and Data science together. The talk gave me perspective. Even suggested some potential topics for my Thesis.

Webinars
Get started

A Practical Guide to KPIs under IFRS 17

Sign up for a free preview of the IFRS 17 course

Free Preview

Preview

£325 once-off (3-month access)

Enroll Today

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