Course Outline
Introduction
- The path from IFRS 4 to IFRS 17
Overview of IFRS 17
- Changes from IFRS 4 to IFRS 4
Insurance Contracts
- Reading an Insurance Contract
- Separating out non-insurance items
- Identifying insurance risk
- Organizing contracts into units of account and portfolios
Financial Statements
- Understanding the General Measurement Model
- Grouping entries into blocks
- Other accounting models
- Disecting a real-world financial statement
Measurement Approaches
- Initial recognition
- Subsequent measurement
- Premium allocation approach
Managing Contract Types
- Reinsurance contracts
- Direct participation contracts
- Discretionary participation contracts
- Modified contracts
- Derecognition of an insurance contract
Transitional Rules and Approaches
- Fully retrospective
- Modified retrospective
- Fair value
Disclosures
- Understanding the disclosure regime in IFRS 17
- New data requirements
- Other compliance issues
Transitioning to IFRS 17
- Assessing the scope of an IFRS 17 transition
- Putting together an implementation team
- Preparing a transition plan
- Creating and maintaining a schedule
Transparency and Profitability
- Identifying and measuring insurance contract performance
- Improving transparency in contracts and reporting
- Increasing the profitability of an insurance company
Summary and Conclusion
Requirements
- An understanding of basic accounting principles
Audience
- Insurers
- Controllers
- Analysts
- Actuaries
- Auditors
- Accountants and other finance professionals
Testimonials (5)
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
i like that it was easy to understand - not too technical
Kirthanya Pillay - Woolworths Financial Services
Course - FinOps Certified Practitioner (FOCP) Preparation
he was informative, shared a lot of material to reference
Siphokazi Mnyebeleza
Course - FinOps For Engineers
Personal service and orientated to my needs
ANN - New Vitality Clinic
Course - GnuCash for Business Accounting
I was benefit from the interesting and clear ideas and suggestions.