Introduction to IFRS 17: Hands-On Training (FR1)

Discover how to interpret the principal requirements of IFRS 17 through learning the basics of IFRS 17, including measurement models, terminology, and hands-on calculations.

Introduction

If you’re looking to learn how to interpret and apply the principal requirements of 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
  • Instructional videos
  • 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 data science journey.

You can also request to access to a practical project to practice the skills you learn in this course.

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

Our platform is easy to use and embeds the coding environment and learning material in one place to enable you to apply data science hands-on.

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 the course is to give you a basic understanding of the fundamentals underlying the Standard with the aim of enabling you to interpret the principal requirements within the context of an insurance company.

We will provide you with a high-level background to the Standard, including the rationale supporting the change the Standard is intended to bring. Important financial items and terminology will be covered, giving an overview of what these items represent and how they can be calculated.

We provide you with examples and hands-on calculations covering the key concepts introduced throughout the course.

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Introduction to IFRS 17: Hands On Training

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Course Structure

Chapter 1 of the course introduces and contextualises the IFRS 17 Standard, covers important concepts, and discusses IFRS 17 measurement models.

Chapter 2 on the IFRS 17 Framework introduces data preparation, IFRS 17 calculations, key reports and disclosure requirements.

Chapter 3, the Hands-on Practical Example, covers determining initial recognition, fulfillment cash flows, reconciliations of key metrics and preparing and producing the balance sheet, disclosures, and the profit & loss statement.

Chapter 4 concludes with a note on the high-level implications from the Standard on accounting for reinsurance contracts.

The Appendix of this course contains a whole host of relevant additional reading materials and references to assist students in broadening their knowledge of IFRS 17.

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Who's this course suitable for?

  • Anyone looking for a basic understanding of IFRS 17.
  • Anyone interested in hands-on examples of the technical aspects of IFRS 17.
  • Anyone looking for an introduction to the IFRS 17 implementation journey.

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 insurance reporting 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

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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

Introduction to IFRS 17: Hands On Training

Sign up for a free preview of this introduction to IFRS 17

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Preview

£150 once-off (3-month access)

Enroll Today

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