Reinsurance under IFRS17 for Life & Health

Announcement from the European Actuarial Academy organiser: 

2022 is the first year of full application of the new IFRS17 standard. Insurers are now fully engaged in implementation. The focus of the preparations has been on Insurance Contracts Issued whilst the treatment of Reinsurance Held has not received much attention. In this web session we provide insights into the treatment of reinsurance of long-term contracts in the fields of Life, Disability and Health insurance. Using examples we will give participants a hands-on experience of how IFRS 17 changes the presentation of reinsurance in the financial statements.

The web session addresses all interested persons who want to learn more about the impact of various types of reinsurance under IFRS17. It is beneficial if participants have basic knowledge of reinsurance and the general concepts of IFRS17.

We will start out with general concepts for the presentation of Reinsurance Held under IFRS17. Next, we will move on to practical examples of various types of reinsurance solutions. For long-term Life, Disability and Health business we will cover examples of both proportional and non-proportional reinsurance. Furthermore, we will shed light on the treatment of cash and non-cash financings. To conclude this session we will make a comparison with the previous treatment under IFRS4 and analyse mismatches between Insurance Contracts Issued and Reinsurance Held.

Technical Requirements: Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom is used for this online training).

Click here to make a reservation. Your early-bird registration fee is € 150.00 plus 19% VAT for bookings by 22 February 2022. After this date, the fee will be € 205.00 plus 19% VAT.