Advanced Actuarial Course on IFRS 17 Launches with Global Scope

Thursday, October 5th, 2023

In a bold move to empower insurance professionals and stakeholders worldwide, Shasat has launched its highly anticipated “IFRS 17 Insurance Contracts: Actuarial Understanding” program. This comprehensive initiative, set to debut in 2023, is designed to equip participants with the essential knowledge and expertise to navigate the complexities of the International Financial Reporting Standard (IFRS) 17.

The IFRS 17 Insurance Contracts standard, slated to take effect on January 1, 2023, marks a pivotal departure from the previous IFRS 4, which had been in place since 2004. This new standard seeks to provide investors and stakeholders with enhanced transparency regarding insurers’ risk profiles, profitability, and financial positions. However, the transition to IFRS 17 has proven to be a formidable challenge for insurers and investors alike, necessitating significant resource allocation to adapt accounting practices and meet the standard’s rigorous data requirements.

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