IFRS 17 has fundamentally changed the accounting requirements for insurers.
Two years of reporting post-transition have helped deepen the understanding of the specificities of the new measurement models and accounting principles. For many insurers, the initial IFRS 17 reporting challenges have been addressed, although some tactical workarounds are still required. Successful adoptions have been driven by effective use of data and technology, supported by strong collaboration between actuarial and finance teams.
Our IFRS 17 specialists will explain the key areas of risk and critical success factors in an IFRS 17 implementation project. Our course is designed to provide an initial working knowledge of the rules, the construction and presentation of numbers, and the narrative they convey. We will discuss practical examples of successful implementation and key lessons learnt.
In order to complement your learning journey, please discover our Insurance curriculum and our IFRS curriculum.
Duration: 4h
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.
By the end of this training, participants will be able to understand:
IFRS 17 overview
Recognition and measurement models
CSM (Contractual Service Margin) as new revenue recognition concept
Insurance service revenue
Presentation under IFRS 17 and IFRS 4
Illustrative example and case studies (practical)
Transition, key steps in IFRS 17 journey
This training is coordinated by Pavel Kostyuchenko, Partner at Pwc Luxembourg.
Pavel is a partner at PwC Luxembourg and has a wealth of experience in IFRS 17 implementation projects, including gap analysis, financial impact assessment, accounting advice, etc. The training will be presented by other experts of PwC Luxembourg daily involved in the implementation of the IFRS for insurers.