IFRS 17 for Executives

IFRS 17 adoption has wide-ranging, significant impacts on investor education, underlying processes, systems, internal controls, valuation models, and other fundamental aspects of the insurance business.

During this module we will discuss how IFRS 17 is used to steer the business, the important points to be considered by the different key stakeholders and the new KPI. Our experts will also share lessons learnt from the post transition reporting reporting and disclosures as well as the questions raised by the analyst community.

In order to complement your learning journey, please discover our Insurance curriculum and IFRS curriculum.

Duration: 1h30

Language: Available in English and French. The supporting material is only available in English.

Number of participants: up to 15

Available as intra-company course (i.e. dedicated session on demand)

Course content can be customised on demand under specific conditions.

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Objectives

Build knowledge around key results of IFRS 17 implementation, understand IFRS 17 principles and market practices, investor communication. Examples on how IFRS 17 is used for business steering.

Content

Overview of implementation programmes
Impacts - Business, operational, systems, talent
Key drivers of change IFRS 4 -> IFRS17
KPIs under IFRS 17
Leveraging Solvency II for IFRS 17
IFRS 17 post implementation experience

Target audience

C-Level and board members of the insurance/reinsurance industry

Our lead experts

This training is coordinated by Pavel Kostyuchenko and will be supported by other experts of PwC Luxembourg daily involved in the implementation of the IFRS for insurers.

Pavel Kostyuchenko is a partner and Fellow of the Institute and Faculty of Actuaries, specialising in actuarial consulting and risk modelling for the financial sector with over 20 years of experience, including 17 years at PwC. He leads PwC Luxembourg's actuarial and risk modelling services practice and previously headed actuarial practices in PwC’s CEE offices in Asia. Pavel advises insurers and reinsurers on reserving, financial reporting, IFRS17, Solvency II, business planning, and acquisitions. He contributes to PwC’s global Actuary of the Future and Actuarial Modernisation initiatives and supports the UK Institute and Faculty of Actuaries on the profession’s future in overseas markets. His expertise includes risk capital frameworks, strategic asset allocation, and ALM, serving clients in insurance, asset management, and the public sector.