IFRS 17 Implementation and Financial Reporting Workshop
Join us for our IFRS 17 Implementation and Financial Reporting workshop in Kuala Lumpur, Malaysia, where we’ll explore the challenges of implementation and financial reporting. We’ve crafted this course specifically for Southeast Asia’s unique insurance products and regulations, aiming to ensure its relevance and applicability to your professional needs.
As we edge closer to 2024, the insurance industry faces a pivotal moment. The implementation of IFRS 17, starting January 1, 2023, promises to bring about fundamental changes in financial reporting for insurers. Despite ongoing efforts, achieving compliance remains a challenge for many, with some insurers just managing to meet the initial requirements. Therefore, mastering the intricacies of IFRS 17 compliance is an intricate journey.
In our workshop, accessible both online and in person, we focus on equipping you with the skills to navigate these changes effectively. You’ll engage in comprehensive IFRS 17 coverage, diving into all its aspects to tackle challenges and find solutions. We’ll guide you through practical approaches such as the Building Blocks Approach (BBA), Premium Allocation Approach (PAA), and Variable Fee Approach (VFA).
Moreover, you’ll achieve mastery in crucial calculations, including the Contractual Service Margin (CSM) and risk adjustment for claims reserves. Additionally, you’ll conduct impact analyses to understand how IFRS 17 influences contracts and reporting, making adjustments in accounting and actuarial design that affect financial, data management, and reporting systems within insurance companies.
Joining us will deepen your understanding of IFRS 17’s requirements and introduce practical strategies for addressing implementation challenges. This knowledge is especially vital as we head into 2024, a year that will highlight the full impact of IFRS 17 on financial reporting.
IFRS 17 Insurance Contracts workshop – Key Learning Features
- Comprehensive IFRS 17 accounting coverage, highlighting challenges and solutions.
- Detailed exploration of IFRS 17 approaches: BBA, PAA, and VFA.
- Mastery in calculating the Contractual Service Margin (CSM) for profit deferral.
- Techniques for calculating risk adjustments based on management’s risk appetite.
- Analysis of how cash flow illiquidity affects discount rates.
Global Program Schedule
Our program has been scheduled in multiple cities worldwide. For a comprehensive schedule and to find a program in your country/city, please explore the following links. Additionally, you can also refer to the following links. If you are interested in organizing this program in your city, we encourage you to contact us for collaboration opportunities and more information.
Online | Zurich | Lima | Singapore | Dubai | Jakarta | Cape Town | Hong Kong | Kuala Lumpur | Mauritius | Seoul | Rio de Janeiro | London
For More Information
Please contact our customer service team for more information about our IFRS 17 Training Program and to enroll. Our team is dedicated to providing you with excellent service and answering any questions you may have. We look forward to hearing from you and helping you take the next step in your professional development.