NP URI: www.nobleprog.com.ng/cc/ifrs17 Undefined array key 0 /apps/hitra7/npfrontend/nptemplates/default.php:137 Array ( [0] => Array ( [file] => /apps/hitra7/npfrontend/nptemplates/default.php [line] => 137 [function] => {closure:/apps/hitra7/npfrontend/index.php:5} [args] => Array ( [0] => 2 [1] => Undefined array key 0 [2] => /apps/hitra7/npfrontend/nptemplates/default.php [3] => 137 ) ) [1] => Array ( [file] => /apps/hitra7/npfrontend/modules/course/course.php [line] => 141 [args] => Array ( [0] => /apps/hitra7/npfrontend/nptemplates/default.php ) [function] => require_once ) [2] => Array ( [file] => /apps/hitra7/npfrontend/core/routes.php [line] => 16 [function] => course_menu_callback [args] => Array ( [0] => /cc/ifrs17 ) ) [3] => Array ( [file] => /apps/hitra7/npfrontend/__index.php [line] => 94 [args] => Array ( [0] => /apps/hitra7/npfrontend/core/routes.php ) [function] => require_once ) [4] => Array ( [file] => /apps/hitra7/npfrontend/index.php [line] => 17 [args] => Array ( [0] => /apps/hitra7/npfrontend/__index.php ) [function] => include_once ) [5] => Array ( [file] => /apps/hitra7/index.php [line] => 65 [args] => Array ( [0] => /apps/hitra7/npfrontend/index.php ) [function] => include_once ) ) NP URI: www.nobleprog.com.ng/cc/ifrs17 Undefined array key 1 /apps/hitra7/npfrontend/nptemplates/default.php:137 Array ( [0] => Array ( [file] => /apps/hitra7/npfrontend/nptemplates/default.php [line] => 137 [function] => {closure:/apps/hitra7/npfrontend/index.php:5} [args] => Array ( [0] => 2 [1] => Undefined array key 1 [2] => /apps/hitra7/npfrontend/nptemplates/default.php [3] => 137 ) ) [1] => Array ( [file] => /apps/hitra7/npfrontend/modules/course/course.php [line] => 141 [args] => Array ( [0] => /apps/hitra7/npfrontend/nptemplates/default.php ) [function] => require_once ) [2] => Array ( [file] => /apps/hitra7/npfrontend/core/routes.php [line] => 16 [function] => course_menu_callback [args] => Array ( [0] => /cc/ifrs17 ) ) [3] => Array ( [file] => /apps/hitra7/npfrontend/__index.php [line] => 94 [args] => Array ( [0] => /apps/hitra7/npfrontend/core/routes.php ) [function] => require_once ) [4] => Array ( [file] => /apps/hitra7/npfrontend/index.php [line] => 17 [args] => Array ( [0] => /apps/hitra7/npfrontend/__index.php ) [function] => include_once ) [5] => Array ( [file] => /apps/hitra7/index.php [line] => 65 [args] => Array ( [0] => /apps/hitra7/npfrontend/index.php ) [function] => include_once ) ) NP URI: www.nobleprog.com.ng/cc/ifrs17 Undefined array key 2 /apps/hitra7/npfrontend/nptemplates/default.php:137 Array ( [0] => Array ( [file] => /apps/hitra7/npfrontend/nptemplates/default.php [line] => 137 [function] => {closure:/apps/hitra7/npfrontend/index.php:5} [args] => Array ( [0] => 2 [1] => Undefined array key 2 [2] => /apps/hitra7/npfrontend/nptemplates/default.php [3] => 137 ) ) [1] => Array ( [file] => /apps/hitra7/npfrontend/modules/course/course.php [line] => 141 [args] => Array ( [0] => /apps/hitra7/npfrontend/nptemplates/default.php ) [function] => require_once ) [2] => Array ( [file] => /apps/hitra7/npfrontend/core/routes.php [line] => 16 [function] => course_menu_callback [args] => Array ( [0] => /cc/ifrs17 ) ) [3] => Array ( [file] => /apps/hitra7/npfrontend/__index.php [line] => 94 [args] => Array ( [0] => /apps/hitra7/npfrontend/core/routes.php ) [function] => require_once ) [4] => Array ( [file] => /apps/hitra7/npfrontend/index.php [line] => 17 [args] => Array ( [0] => /apps/hitra7/npfrontend/__index.php ) [function] => include_once ) [5] => Array ( [file] => /apps/hitra7/index.php [line] => 65 [args] => Array ( [0] => /apps/hitra7/npfrontend/index.php ) [function] => include_once ) )

Course Outline

Introduction

  • The path from IFRS 4 to IFRS 17

Overview of IFRS 17

  • Changes from IFRS 4 to IFRS 4

Insurance Contracts

  • Reading an Insurance Contract
  • Separating out non-insurance items
  • Identifying insurance risk
  • Organizing contracts into units of account and portfolios

Financial Statements

  • Understanding the General Measurement Model
  • Grouping entries into blocks
  • Other accounting models
  • Disecting a real-world financial statement

Measurement Approaches

  • Initial recognition
  • Subsequent measurement
  • Premium allocation approach

Managing Contract Types

  • Reinsurance contracts
  • Direct participation contracts
  • Discretionary participation contracts
  • Modified contracts
  • Derecognition of an insurance contract

Transitional Rules and Approaches

  • Fully retrospective
  • Modified retrospective
  • Fair value

Disclosures

  • Understanding the disclosure regime in IFRS 17
  • New data requirements
  • Other compliance issues

Transitioning to IFRS 17

  • Assessing the scope of an IFRS 17 transition
  • Putting together an implementation team
  • Preparing a transition plan
  • Creating and maintaining a schedule

Transparency and Profitability

  • Identifying and measuring insurance contract performance
  • Improving transparency in contracts and reporting
  • Increasing the profitability of an insurance company

Summary and Conclusion

Requirements

  • An understanding of basic accounting principles

Audience

  • Insurers
  • Controllers
  • Analysts
  • Actuaries
  • Auditors
  • Accountants and other finance professionals
 21 Hours

Testimonials (5)

Related Categories