Bridging Solvency II and IFRS 17: Practical Actuarial Modelling, CSM, and Risk Adjustment
This Solvency II and IFRS 17 Actuarial Modelling Course is a focused two-day workshop designed for actuaries working with insurance regulatory and financial reporting frameworks. It addresses how actuarial modelling under Solvency II-like regimes interacts with IFRS 17 and where critical differences must be managed. As a result, participants gain clarity on modelling choices that directly affect reported liabilities, capital outcomes, and management decision-making.
Solvency II is largely rule-based, while IFRS 17 follows a principle-based approach. Although insurers can adapt certain Solvency II models, incorrect assumptions often lead to misstatements and weak management decisions. Therefore, actuaries must understand when alignment is possible and when distinct modelling approaches are required.
This course develops practical expertise in actuarial modelling for insurance cash flows, risk adjustment under IFRS 17, risk margin under Solvency II, discounting techniques, and Contractual Service Margin (CSM) calculations. In addition, it covers the restructuring of claims reserves, liability measurement, contractual implications, and common implementation pitfalls observed in practice.
Delivered by experienced actuaries with real implementation experience, the programme uses applied examples and case studies. Consequently, participants strengthen controls, improve governance, and support compliant, consistent, and decision-useful actuarial reporting under both Solvency II and IFRS 17.
Key Learning Features
Led by an actuary, this program covers all the key aspects of IFRS 17 and will answer critical areas such as:
- Understand the actuarial modelling differences between Solvency II and IFRS 17
- Apply actuarial judgement in rule-based versus principle-based frameworks
- Model insurance cash flows accurately under both Solvency II and IFRS 17
- Analyse and compare risk adjustment (IFRS 17) and risk margin (Solvency II)
- Calculate and interpret the Contractual Service Margin (CSM)
- Assess the impact of modelling assumptions on liabilities, capital, and profitability
- Restructure claims reserves and insurance liabilities for reporting purposes
- Evaluate contractual features and their actuarial implications
- Identify common implementation pitfalls and modelling errors
- Strengthen actuarial controls, governance, and documentation
- Apply concepts through practical examples and real-world case studies
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For More Information
Please contact our customer service team for more information about this Training Course 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.
Instructor Bio
The course instructor will be one of our highly experienced
faculty members.
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Our Faculty: Expertise That Drives Success
Shasat is proud to have over 30 world-renowned faculty members, each an expert in their respective fields, who share their hands-on implementation experience through our technical and professional development programs. This IFRS 17 Actuarial Modelling Course is led by a well-known former Chief Actuary at one of Germany’s leading reinsurance companies, with deep expertise in complex actuarial modelling, liability valuation, and IFRS 17 measurement frameworks.
In his former role, the course leader was responsible for designing, validating, and governing large-scale actuarial models covering long-duration insurance and reinsurance portfolios across multiple jurisdictions. His work focused on cash flow projection models, risk adjustment methodologies, discounting approaches, and CSM mechanics, as well as the interaction between actuarial models, accounting outcomes, and capital frameworks.
The instructor has led and advised on IFRS 17 implementation and post-implementation optimisation programmes, supporting decisions on measurement models (BBA, PAA, VFA), assumption setting, reinsurance held modelling, and transition strategies. Through detailed case studies and real implementation examples, participants gain a practical, model-driven understanding of how actuarial choices directly influence financial results, disclosures, and regulatory outcomes under IFRS 17.
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Our Partners
Course Description
- Solvency II and IFRS 17: Actuarial Context
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Purpose and scope of Solvency II and IFRS 17
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Rule-based vs principle-based frameworks
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Actuarial responsibilities and accountability under each regime
- Actuarial Modelling Architecture
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Structure of actuarial models for insurance liabilities
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Cash flow projection models and data dependencies
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Model governance, validation, and documentation expectations
- Insurance Cash Flow Modelling
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Identification and projection of fulfilment cash flows
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Treatment of expenses, options, and guarantees
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Differences in cash flow treatment under Solvency II and IFRS 17
- Risk Adjustment vs Risk Margin
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Conceptual objectives and actuarial interpretation
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Common methodologies and assumption choices
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Quantifying and explaining differences between frameworks
- Discounting Approaches
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Yield curve construction and discount rate selection
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Locked-in vs current assumptions
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Financial and reporting impacts of discounting choices
Day 2 – Measurement, Optimisation, and Practical Application
- Contractual Service Margin (CSM)
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CSM mechanics and release patterns
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Interaction between CSM, cash flows, and risk adjustment
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Common modelling errors and control weaknesses
- Measurement Models in Practice
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Building Block Approach (BBA)
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Premium Allocation Approach (PAA)
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Variable Fee Approach (VFA)
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Selecting and applying the appropriate model
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Reassessment of claims reserves under IFRS 17
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Alignment and divergence from Solvency II reserves
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Implications for reporting and management decisions
- Contractual Features and Reinsurance
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Contract boundaries and grouping decisions
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Reinsurance held modelling and non-performance risk
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Impact on results and disclosures
- Implementation Pitfalls and Optimisation
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Common post-implementation issues observed globally
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Model recalibration and assumption refinement
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Strengthening actuarial controls and governance
- Case Studies and Practical Exercises
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Comparative Solvency II vs IFRS 17 model outcomes
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Analysis of modelling decisions and financial impacts
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Lessons learned from real implementation scenarios
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution, or unauthorized use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. ©2026, Shasat
Why you must attend?
Actuarial modelling decisions under Solvency II and IFRS 17 directly affect reported liabilities, capital outcomes, and profitability. Small differences in assumptions, methodologies, or model design can lead to material financial impacts and regulatory scrutiny. This course equips actuaries with the insight needed to make those decisions confidently and correctly.
The programme goes beyond theory. It focuses on how actuarial models actually behave in practice, highlighting where Solvency II approaches can be adapted and where IFRS 17 requires fundamentally different treatment. Participants learn how to avoid common modelling errors that arise during implementation and post-implementation refinement.
Led by experienced actuaries with real-world implementation experience, the course provides a model-driven understanding of cash flow projection, risk adjustment, risk margin, discounting, and CSM mechanics. Practical examples and case studies demonstrate how modelling choices translate into financial results, disclosures, and management outcomes.
By attending, actuaries strengthen their ability to challenge models, justify assumptions, and explain results clearly to senior management, auditors, and regulators. This makes the course particularly valuable for professionals responsible for regulatory reporting, financial reporting, and actuarial governance under Solvency II and IFRS 17.
Teaching methodology
This Solvency II and IFRS 17 Actuarial Modelling Course is designed to deliver a structured, practical, and engaging learning experience for actuaries and professionals involved in insurance modelling, reporting, and regulation. The teaching approach focuses on how actuarial models operate in practice and how modelling decisions influence financial and regulatory outcomes.  The learning methodology includes:
- A clear and structured slide deck explaining actuarial concepts, modelling methodologies, and framework differences between Solvency II and IFRS 17
- Interactive sessions and real-world case studies based on actual Solvency II and IFRS 17 implementation experience
- Step-by-step explanations of cash flow modelling, risk adjustment, risk margin, discounting, and CSM mechanics using practical examples
- Group exercises designed to test modelling assumptions, compare outcomes under both frameworks, and reinforce actuarial judgement
- Focused discussions on framework differences, industry practices, and common implementation pitfalls
- Access to supplementary materials and reference handouts to support ongoing application after the course
- An open and professional learning environment that encourages technical discussion, questioning, and peer exchange
Whether participants are transitioning Solvency II models to IFRS 17 or refining post-implementation approaches, this course provides a practical, model-focused learning experience that supports confident actuarial decision-making.
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Who should attend?
This programme is designed primarily for actuarial professionals and other specialists involved in IFRS 17 and Solvency II-related modelling, reporting, and decision-making, including:
- Actuaries and actuarial managers
- Underwriters involved in product design and pricing
- Finance professionals supporting IFRS 17 implementation and reporting
- Internal and external auditors
- Risk managers and Solvency II professionals
- Regulators and supervisory professionals
- Capital markets analysts and insurance research specialists
- Rating agency professionals covering insurance companies
While the programme has a strong actuarial modelling focus, it is also suitable for professionals seeking a deeper understanding of IFRS 17 and its interaction with Solvency II. Participants gain practical insight into how actuarial assumptions, modelling choices, and governance decisions influence financial results, disclosures, and regulatory outcomes across the insurance industry.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
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In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event.
We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.
We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.
Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.
Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
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Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
CPD hours
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
Enquiries
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
