IFRS 17 Introduction: Hands-on Workshop

We are excited to present a brand-new workshop on the 12th of November! We will be hosting a hands-on, introductory IFRS 17 workshop on our training platform,  training.actuartech.com.

Overview

The purpose of this workshop is to equip participants with a strong grasp of the fundamentals underlying the new IFRS insurance contract standard (the Standard) and start utilising it in a workplace context. This workshop assumes an understanding of the standard facilities and functionality in Microsoft Excel, and principles of actuarial and financial reporting. We will be walking through a hands-on example with calculations.

Practical outcomes

  • A basic understanding of key requirements and changes the new IFRS 17 Standard is bringing
  • Hands-on exercise calculating the Contractual Services Margin using the General Measurement Model; including subsequent measurement
  • An understanding of differences of key metrics based on different reporting regimes
  • An overview of the new disclosure requirements

Points touched on include:

  • An overview of what IFRS 17 is
  • The background to IFRS 17
  • Important Concepts
  • The IFRS 17 Measurement Models
  • An overview of data required in the application of IFRS 17
  • Initial considerations when setting actuarial assumptions
  • Overview of IFRS 17 calculations
  • Applications to discount rates, risk adjustment, statements, and more
  • Implementation of IFRS 17 solutions (incl. software solutions)
  • Identifying gaps in transition readiness


This workshop is suitable for:

  • Anyone looking for a basic understanding of IFRS 17
  • Anyone interested in hands-on experience in working with IFRS 17
  • Anyone involved in the IFRS 17 implementation journey

Why it is 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

Access the Webinar

You may also like these...

Newsletter

Keep up to date

Sign up to our newsletter for the latest in actuarial technology and data science

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.