IFRS 17 - Insurance Contracts

IFRS 17 changes fundamentally the way in which insurance contracts are accounted for over time. After investing 20 or so years of development effort into IFRS 17, the IASB expectation is that it will bring greater transparency about the profitability and financial position resulting from conducting insurance contract business.

Preparing for and implementing IFRS 17 is problematic and challenging, requiring considerable effort to gain an initial understanding of the impact on the reported numbers as well as identifying upgrades to processes and systems to ensure they can provide IFRS 17 compliant data.

Two Day IFRS 17 Insurance Contracts in-depth Course

A central feature of the course is the working through of detailed exercises to convey a knowledge of “how to do the numbers” which can then be applied in practice. Discussion of the various inputs will then follow logically from this core working knowledge.

One Day IFRS 17 Insurance Contracts Course

Our one-day course will commence with a review of the basics of the general accounting model for insurance contracts using a worked numbers example. This will be followed by a consideration of the main areas of difficulty that will arise in practice in applying the model to insurance contracts. These and the IFRS 17 solution to them will be illustrated (where appropriate) with further numbers examples which will be worked through interactively.

Half Day IFRS 17 Insurance Contracts Course

Our half day course will revolve around a numerical review of the basics of the general accounting model for insurance contracts followed by a consideration and discussion of the main areas of difficulty that in practice will arise in applying the model to insurance contracts.


Courses in this programme

The following courses are aimed at anyone needing a comprehensive understanding of this standard particularly the finance department, to legal teams, sales departments, etc. The trainers we have selected to deliver this programme are carefully chosen for their skills, expertise and experience. They use real-life examples and case studies within their sessions to illustrate concepts.

  • Sign up to our course reminder email here