12.00pm - 12.30pm: Tea/Coffee/Sandwiches
12.30pm - 2.00pm: Meeting
IFRS17 is an International Financial Reporting Standard that was issued by the International Accounting Standards Board in May 2017. It replaces IFRS 4 on accounting for insurance contracts and has an effective date of 1 January 2021.
In this presentation, the aim is to provide members with a good understanding of the IFRS17 requirements and be equipped with the necessary basics/background information to understand the key challenges to be discussed at future talks. Specifically, the presentation will include the following:
- objective
- scope
- key definitions
- requirements
- methodologies
This is the first in a series of talks and is presented jointly by the SAI life and non-life IFRS17 working groups. This introductory talk assumes no previous knowledge or experience in the area, and is aimed at actuaries at all levels.
Niall Naughton; FSAI