Implementing IFRS 17

Event Type
Seminar
Organizer
EAA - European Actuarial Academy GmbH
Date
Time

10th & 11th October 2019

Venue
Tallinn, Estonia
Description

Would you like to be able to competently interpret the IFRS 17 standard and thus prepare for both model development and consultation with management, accounting and auditors? If yes, the seminar "Implementing IFRS 17" which is organised on 10/11 October 2019 in Tallinn, Estonia, is perfect for you!

IFRS 17 Insurance Contracts will become effective as early as 1 January 2022 and will fundamentally change the way insurance companies present their obligations and their financial performance stemming from insurance contracts. Consequently, IFRS 17 will trigger major implementation projects at all companies affected – and no company can afford to waste (any more) time!

Actuaries will play a key role in implementing the new guidance: First, the standard will require many fundamental decisions, which will determine the amount and profile of IFRS results for years to come. Actuaries will be key to prepare decision making by top-management by explaining the options and their consequences. Also, complex measurement models will need to be developed, possibly starting with prototypes providing a starting point for an impact analysis and then gradually developed into audit proof applications. The output of these models will need to be integrated in the financial reporting processes. Communication with accounting functions will become more intense and more complex – as will be the modelled output. Accordingly, a strong focus of this seminar is on the accounting framework in which actuaries operate, accompanied by practical examples illustrating the key issues.

This seminar is suited for all interested individuals involved in financial reporting according to IFRS, such as actuaries (or specified accountants, controllers) involved in valuation, controlling, auditing and consulting. Participants are expected to have general accounting knowledge and a general understanding of IFRS Financial Statements, in particular with respect to the Statement of Comprehensive Income and its components. 

The goal of the 2-day seminar is to provide participants with a comprehensive introduction to the new measurement, presentation and disclosure guidance for insurance contracts. It will cover life and non-life business, including the special guidance on direct participating contracts.

The early-bird registration fee of this up-to-date seminar is € 840.00 plus 20% VAT and is valid until 10 August 2019. After this date, the fee will be € 990.00 plus 20% VAT.

Please find all additional information in this print version as well as on our website with the registration form.

An overview on other upcoming events can be downloaded as well.