Demystify IFRS 17 with this deep‑dive workshop on insurance contracts, compliance interpretation, and implementation strategies. Participants will gain a thorough understanding of the new standard, including measurement models, presentation, and disclosure requirements. The curriculum covers the building block approach, premium allocation approach, and variable fee approach, with practical examples and case studies from the insurance industry. Through hands‑on exercises, attendees will learn to calculate the contractual service margin, analyze insurance finance income/expense, and prepare IFRS 17 disclosures. This workshop equips finance professionals, actuaries, and auditors in the insurance sector to implement IFRS 17 effectively.
Objectives
- Understand the scope and core principles of IFRS 17
- Apply the general measurement model (building block approach)
- Use the premium allocation approach for eligible contracts
- Account for reinsurance contracts held
- Calculate the contractual service margin and its release
- Determine insurance finance income or expense
- Prepare transition to IFRS 17 (full retrospective, modified retrospective, fair value)
- Design IFRS 17 disclosures and financial statement presentation
- Identify implementation challenges and solutions
Target Audience
- Finance and accounting professionals in insurance companies
- Actuaries involved in IFRS 17 calculations
- Auditors (external and internal) of insurance entities
- Regulators and supervisors of insurance
- Consultants advising on IFRS 17 implementation
- ERP system implementers configuring IFRS 17 modules
- Insurance analysts and investors
Methodology
- Interactive workshops with real‑life examples
- Calculation exercises for CSM and other components
- Case studies of different product types
- Transition simulations
- Disclosure drafting sessions
- Peer discussion of implementation challenges
- Q&A with IFRS 17 experts
