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IFRS 17 is the global standard for insurance accounting. Learn the measurement model, the contractual service margin, and why it reshapes how insurers report.
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IFRS 17 is the global standard for insurance accounting. Learn the measurement model, the contractual service margin, and why it reshapes how insurers report.
Advanced Actuarial Course on IFRS 17 Launches with Global Scope
In a bold move to empower insurance professionals and stakeholders worldwide, Shasat has launched its highly anticipated "IFRS 17 Insurance Contracts: Actuarial Understanding" program. This comprehensive initiative, set to debut in 2023, is designed to equip participants with the essential knowledge and expertise to navigate the complexities of the International Financial Reporting Standard (IFRS) 17.
The IFRS 17 Insurance Contracts standard, slated to take effect on January 1, 2023, marks a pivotal departure from the previous IFRS 4, which had been in place since 2004. This new standard seeks to provide investors and stakeholders with enhanced transparency regarding insurers' risk profiles, profitability, and financial positions. However, the transition to IFRS 17 has proven to be a formidable challenge for insurers and investors alike, necessitating significant resource allocation to adapt accounting practices and meet the standard's rigorous data requirements.
At the core of IFRS 17 are actuarial modeling, risk adjustment spread, discounting, CSM (Contractual Service Margin) amortizations, reinsurance contracts held, and various other intricate actuarial challenges. This principle-based standard presents companies with a range of choices, emphasizing the importance of informed decision-making.
Shasat's "IFRS 17 Insurance Contracts: Actuarial Understanding" workshop is uniquely positioned in the global landscape. It distinguishes itself as the world's first program solely dedicated to unraveling the actuarial complexities arising from the implementation of IFRS 17. While many courses touch upon broader aspects of IFRS 17, Shasat's workshop delves deep into actuarial intricacies, providing participants with unparalleled insights and guidance. This specialized focus ensures that participants are equipped with the most relevant and comprehensive knowledge to surmount the unique actuarial challenges posed by IFRS 17.
Shasat's commitment to providing accessible education extends across the globe, with a series of program dates and locations to cater to diverse audiences. Here is the schedule of upcoming programs by Shasat. However, we recommend you continue to visit Shasat's website for the most up-to-date program schedules.
Mastering IFRS 17: Actuarial Insights | GID 8001 |London: October 9-10, 2023
Mastering IFRS 17: Actuarial Insights | GID 8002 |Zurich: November 6-7, 2023
Mastering IFRS 17: Actuarial Insights | GID 8004 |Bermuda: October 16-17, 2023
Mastering IFRS 17: Actuarial Insights | GID 8006 |Sydney: November 21-22, 2023
Mastering IFRS 17: Actuarial Insights | GID 8007 |Frankfurt: December 14-15, 2023
Mastering IFRS 17: Actuarial Insights | GID 8008 |Singapore: December 20-21, 2023
Mastering IFRS 17: Actuarial Insights | GID 8009 |Atlanta: December 28-29, 2023
Mastering IFRS 17: Actuarial Insights| GID 8010 |Amsterdam: December 12-13, 2023
Mastering IFRS 17: Actuarial Insights | GID 8011 |Seoul: November 27-28, 2023
Mastering IFRS 17: Actuarial Insights | GID 8012 |Hong Kong: November 13-14, 2023
Mastering IFRS 17: Actuarial Insightsp | GID 8000 |Online | Available on Request
For more details and to enrol in the Mastering IFRS 17: Actuarial Insights, please visit: https://shasat.co.uk/product-category/mastering-ifrs-17-actuarial-insights-2-day-workshop/
These program locations have been strategically selected to ensure that professionals from various corners of the world have access to Shasat's unrivaled expertise in IFRS 17 actuarial understanding. Participants can choose the location and date that best suits their needs, allowing for a personalized and enriching learning experience.
The "IFRS 17 Insurance Contracts: Actuarial Understanding" program, led by a seasoned actuary, comprehensively covers all key aspects of IFRS 17, addressing critical areas such as deciphering IFRS 17 statements, mastering actuarial modelling and its primary obstacles, unraveling CSM calculations, analyzing risk adjustment strategies, navigating cash flow challenges, reshaping claims reserves and liabilities, driving financial insights, exploring extensive contractual implications, and overcoming implementation challenges.
With IFRS 17 poised to reshape the landscape of insurance reporting, Shasat's program offers a unique opportunity for insurance professionals, investors, and stakeholders to acquire the knowledge and skills necessary to excel in this new era. Whether you seek to refine your actuarial approach or gain a deeper understanding of insurers' financial positions, Shasat's "IFRS 17 Insurance Contracts: Actuarial Understanding" program promises to be your gateway to success.
The implementation of IFRS 17 in Dubai presents numerous challenges for insurance companies. Though, with careful planning and the right support, companies can effectively comply with the new standard.
Cần nhiều thời kì hơn để triển khai IFRS 17
Bài viết mới nhất: Cần nhiều thời kì hơn để triển khai IFRS 17
(thitruongtaichinhtiente.vn) – IFRS 17 là mô phỏng kế toán được chuẩn hóa toàn cầu đối cho những hợp đồng bảo hiểm, tuy nhiên, sở hữu tới 70% số người tham gia cuộc khảo sát sắp đây của PwC lại tỏ ra lo ngại về những trở ngại khăn thực tế trong vận dụng những nguyên …
#Blog #ChuẩnMựcBáoCáoTàiChínhQuốcTế, #IFRS, #IFRS17, #PwC DauTuTuDau: https://daututudau.vn/can-nhieu-thoi-gian-hon-de-trien-khai-ifrs-17/
‘IFRS 17: Will we make it?’: 270 insurers share their thoughts
‘IFRS 17: Will we make it?’: 270 insurers share their thoughts
WTW has released the results of its latest global survey entitled ‘IFRS 17: Will we make it?’, polling 270 insurers from 45 countries – including 26 large multinationals – on material progress they have made since WTW’s last IFRS 17 poll in 2021. The results reveal a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, most respondents expressing…
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When the new International Financial Reporting Standard 17 (IFRS 17) takes effect on January 1, 2021, it will upend decades-old insurance financial reporting standards. Though seemingly the tiniest glimmer on a distant horizon, navigating the intricacies of IFRS 17 will require painstaking planning and precision. Only insurers that act now put themselves on the best footing for success – and they now have the benefit of relying on analytics leader SAS to tackle the new standard head-on.
IFRS 17 Soft Design IFRS 17 Soft Design
IFRS 17 Contratos de seguro. Su implementación en Colombia será mucho más difícil
Aquí se presentan unos comentarios sobre el recientemente emitido IFRS 17 Contratos de seguro. Se ofrece una perspectiva de su alcance, la acogida que se le ha dado y luego se detallan algunos de los problemas que conllevará su implementación en Colombia, si es que llega a darse.
Estos comentarios están presentados en siete secciones: (1) El contexto; (2) Qué dice IASB; (3) La transición hacia el IFRS 17; (4) Reacciones que se destacan; (5) El IFRS 17 y SOLVENCY II; (6) La implementación en Colombia, mucho más difícil; y (7) ¿Hay esperanza?
Si le interesa el documento completo, descargue el PDF haciendo clic aquí.