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.
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:
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.
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.
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.
We have tailored packages available to ensure that corporate teams have the option to attend structured live lessons by our tutors, and the option to request a practical assignment and bespoke feedback. Invoicing option available.
