IFRS 17 Workshop: Fundamentals, Technical Insights, Financial Reporting, and Strategic Transformation
As the global insurance industry continues to evolve, IFRS 17 remains central to financial reporting transformation. Effective from January 1, 2023, some countries will implement it in 2025 or 2026.
This standard has reshaped how insurers measure and communicate financial performance. Many organizations have achieved initial compliance, but the focus now shifts beyond compliance. Insurers must now enhance strategic financial leadership, optimize reporting structures, and refine valuation methodologies to stay competitive.
This 5-day IFRS 17 Comprehensive Workshop goes beyond the fundamentals. It provides technical, financial, and leadership-level insights to empower professionals in leading IFRS 17 implementation and reporting with confidence. Designed for finance executives, actuaries, auditors, risk, and other insurance professionals, this course offers an in-depth exploration of key areas. These include insurance liability valuation, risk adjustment modelling, discount rate optimization, actuarial methodologies, and data integration.
Participants will engage in real-world case studies that focus on strategic transformation, financial statement impact analysis, and best practices for system integration. The workshop ensures that professionals not only understand IFRS 17 concepts but also apply them effectively in their organizations. By gaining practical experience, attendees will be better prepared to handle IFRS 17 challenges in real-world scenarios.
Building Financial Leadership and Strategic Expertise in IFRS 17
Beyond mastering compliance, this workshop equips you with the expertise to drive financial transformation and enhance reporting structures. You will integrate IFRS 17 methodologies into broader business strategies, ensuring a thorough and well-rounded grasp of IFRS 17 implementation. In addition, you will develop the strategic mindset needed for long-term financial leadership.
By the end of this workshop, you will possess technical precision, financial acumen, and strategic foresight. You will gain the confidence to lead IFRS 17 implementation and financial reporting within your organization. Whether you need to refine your IFRS 17 framework, integrate it into business operations, or prepare for long-term regulatory alignment, this course provides the essential tools. It positions you as a leader in insurance finance and reporting.
IFRS 17 Workshop: Choosing Between the 2-Day and 5-Day Programs
Unlike our accelerated and intensive 2-day IFRS 17 course, which focuses on the most critical areas for rapid learning, this 5-day workshop provides a structured and immersive experience. The 2-day course is ideal for professionals seeking a fast-track, high-impact understanding.
However, the 5-day program allows for comprehensive discussions, hands-on exercises, and a progressive deep dive into IFRS 17 applications. Additionally, it includes strategic decision-making and leadership skills, which are essential for managing IFRS 17 within an insurance company. By taking a structured approach, this extended workshop ensures that participants gain a deeper, methodical understanding of IFRS 17. As a result, you will be well-prepared for real-world implementation and compliance success.
- Impact of IFRS 17 on Business Strategy: Insights for Senior Executives
- Extensive Coverage of IFRS 17 Accounting: Challenges and Solutions
- In-Depth Examination of IFRS 17 Models: BBA, PAA, and VFA
- Expertise in Calculating the Contractual Service Margin (CSM) for Profit Deferral
- Methods for Risk Adjustment Calculation Aligned with Management’s Risk Appetite
- Analysis of Discount Rates Influenced by Cash Flow Illiquidity
This IFRS 17 Comprehensive workshop is structured to meet the needs of finance and actuarial professionals across the European Union, the Middle East, Southeast East Asia, South America, Africa, and other regions ensuring global applicability.
Explore Our 2-Day IFRS 17 Courses
Online | Zurich | Lima | Singapore | Dubai | Jakarta | Cape Town | Hong Kong | Kuala Lumpur | Mauritius | Seoul | Rio de Janeiro | Brussels | 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.
Instructor Bio
Instructor for this course
Shasat Faculty
Our trainers have specialist knowledge and first-hand experience in implementing the International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), UK GAAP, Risk management strategies, Valuations, Mergers & Acquisitions, Corporate Governance, Environmental, social, and corporate governance (ESG) reporting, Supply Chain Management, Prudential regulations, Compliance matters (such as Basel regulations, Solvency II, Anti Money Laundering regulations and a number of other evolving regulatory matters) and a whole range of professional development programs (e.g., Negotiations Skills, Presentation Skills, Data Management, Python, Block-Chain, Digital Assets, Becker CPA etc.)
This ensures an engaging and stimulating learning experience for professionals and senior executives, helping to ensure knowledge is retained. They understand the accounting and regulatory requirements, risk environment, industry issues and challenges, risk management strategies, financial reporting & disclosure requirements, and compliance environment. They impart their knowledge using real-life industry examples, simple and user-friendly presentations of important concepts/approaches and case studies.
Our Partners
Our Partners in Learning
Course Description
Day 1: Introduction to IFRS 17 and Building Block Approach
- Overview of IFRS 17: Key concepts and scope
- Implementation status: Emerging markets vs. Europe
- Introduction to the Building Block Approach (BBA)
- Key components: Fulfilment Cash Flows (FCF), Risk Adjustment, Discounting, and Contractual Service Margin (CSM)
- Market practices and classification of insurance products
- Key Implementation Challenges & Industry Best Practices
Day 2: Premium Allocation and Reinsurance Contracts
- Premium Allocation Approach (PAA) vs. BBA
- Variable Fee Approach (VFA) and its applications
- Reinsurance contracts: Accounting methods and implications
- Recognition & Measurement of Reinsurance Contracts Held vs. Issued
- Understanding the Impact of Reinsurance: Key differences compared to direct insurance contracts
- Risk Adjustment & Discounting Considerations for Reinsurance
- Key processes: Discounting and actuarial integration
- Group Case Study
Day 3: Financial Statements and Strategic Implementation
- Designing IFRS 17-compliant financial statements
- Managing contracts with participation features
- Industry-wide impacts and future trends
- Risk management and compliance under IFRS 17
- Developing a strategic approach for ongoing IFRS 17 implementation.
- Understanding how IFRS 17 influences solvency and capital planning.
- Solvency II vs. IFRS 17: Key differences and interactions
- Impact of IFRS 17 on contract valuation and profitability.
- Group Case Study
Day 4: Transition Strategies and Planning
- Transition strategies: Retrospective and modified retrospective approaches
- In-depth analysis by Shasat of the first IFRS 17-compliant financial statements by top insurance companies
- Data Governance, Internal Controls & Compliance Monitoring
- Technology-Driven Solutions for IFRS 17 Implementation
- Reviewing IFRS 17 financial statements: Understanding reporting structure and disclosures.
- Case Study: Building IFRS 17-compliant financial statements for an insurance firm.
- Group Case Study
Day 5: Asset-Liability Mismatches, Technology, and Regulatory Compliance
- IFRS 9 interaction with IFRS 17 and asset-liability management
- Leveraging technology for IFRS 17 compliance
- Ensuring regulatory compliance and addressing challenges
- In-depth analysis by Shasat of the first IFRS 17-compliant financial statements by top insurance companies
- Closing Q&A session and final remarks
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. ©2025, Shasat
Why you must attend?
The IFRS 17 Implementation and Financial Reporting Workshop is a must-attend event for insurance executives and financial professionals seeking to master IFRS 17. As the industry adapts to this transformative standard, a deep, strategic understanding is no longer optional—it is essential. This workshop provides an unparalleled opportunity to gain technical expertise, regulatory insights, and practical implementation strategies, ensuring that you and your organization stay ahead in a rapidly evolving financial landscape.
Navigating IFRS 17 is a complex challenge that requires more than just theoretical knowledge. This program goes beyond the basics, offering an in-depth exploration of financial reporting implications, risk adjustments, discount rate optimization, and actuarial methodologies. You will gain first-hand insights into overcoming IFRS 17 challenges and seizing opportunities that drive financial efficiency and compliance excellence. By attending, you will refine your strategic decision-making skills and enhance your ability to lead IFRS 17 implementation with confidence.
This workshop is more than just a learning experience—it’s an opportunity to connect with leading IFRS 17 experts, exchange insights with industry peers, and build a powerful network of professionals shaping the future of insurance finance. Through hands-on exercises, real-world case studies, and expert-led discussions, you will develop a strategic perspective on IFRS 17’s impact on your organization. Don’t miss this chance to elevate your expertise, future-proof your career, and ensure your company’s IFRS 17 compliance success. Secure your place today and take the next step toward financial leadership in the insurance industry.
Teaching methodology
The IFRS 17 workshop has been designed to provide a comprehensive and engaging approach to learning for all finance and accounting professionals in the insurance industry including auditors and regulators. The teaching methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allowing attendees to understand the material in context.
- Group exercises designed to illustrate accounting principles, encouraging collaboration and fostering a deeper understanding of the material.
- Discussions on GAAP differences, industry issues, and diversity in practices, providing attendees with a well-rounded understanding of the subject matter.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
Whether you are new to IFRS 17 or an experienced professional, the workshop offers a dynamic and engaging learning experience that will support your professional development.
Who should attend?
The IFRS 17 Program has been designed for a wide range of professionals, including:
- Finance professionals
- Financial Controllers
- Those involved in IFRS 17 implementation
- Regulatory Professionals
- Internal and external auditors
- Underwriters
- Risk managers
- Regulatory and Solvency II professionals
- Capital market watch experts
- Market research analysts
- Rating agency professionals
While the IFRS 17 Program has been designed with specific professionals in mind, it is also open to anyone who is interested in gaining a deeper understanding of IFRS 17 and its impact on the insurance industry. The program offers a comprehensive overview of the standard and its requirements, providing participants with the knowledge and skills they need to navigate the complex world of insurance accounting. Whether you are a seasoned professional or just starting out in your career, the IFRS 17 Program offers valuable insights and practical guidance to help you succeed. With a focus on real-world examples and case studies, the program is accessible and engaging for participants at all levels. So, no matter your background or experience, if you are interested in learning more about IFRS 17, this program is for you.
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.
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.
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.
