IFRS 17 Insurance Contracts | 2-Day Intensive Course | Lima | GID 9003

Thursday, January 30th, 2025

£2,100.00

Upcoming Program: 2-3 April 2025

Contact us for additional 2025 dates.

Capacitación en Contratos de Seguro NIIF 17

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IFRS 17 Implementation and Financial Reporting | 2-Day Intensive Course 

 
Join us for our IFRS 17 Training Course in Lima, Peru, where we’ll explore the challenges of implementation and financial reporting. We’ve crafted this course specifically for the South American region’s unique insurance products and regulations, aiming to ensure its relevance and applicability to your professional needs.

As we move ahead, the insurance sector remains at a critical crossroads. IFRS 17, which became effective on January 1, 2023 (with some countries implementing it in either 2025 or 2026), has introduced fundamental changes in financial reporting for insurers. While many companies have achieved initial compliance, others are still in the process of full-scale implementation.

Even for insurers that have already transitioned, the focus now shifts to optimising the valuation of insurance liabilities. Companies are actively refining their methodologies by:

  • Adjusting discount rates to reflect liquidity, market behaviour, and asset portfolio management under IFRS 17.
  • Enhancing risk adjustment models to capture uncertainty better
  • Refining actuarial methodologies for liability measurement and cash flow modelling
  • Modifying insurance contract structures to align with evolving regulatory and financial strategies

This ongoing adaptation underscores the industry’s commitment to ensuring financial stability and regulatory alignment under IFRS 17.

In this IFRS 17 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 this IFRS 17 workshop will deepen your understanding of IFRS 17’s requirements and introduce practical strategies for addressing implementation challenges.
 

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 Schedule for IFRS 17 Training Courses

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. 

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.

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