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EAA Web Session 

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IFRS17 requires to account for reinsurance contracts, both held and issued, applying the same principles as for insurance contracts in general. However, there is some special guidance for reinsurance contracts held, particularly regarding the risk adjustment and the CSM and Loss Recovery Component. Applying the general guidance to reinsurance contracts, both held and issued, implies challenges due to the often complex character, retroactive coverage and risk-attaching features. Notably, the guidance referring to contract boundaries and investment components causes issues, as well as the incorporation of reinsurance contracts in the risk management of consolidated groups of companies. The challenges often bring the interpretation of the accounting guidance, developed traditional direct insurance contracts in mind, to its limits.

This web session will cover the guidance of IFRS 17 specific for reinsurance contracts, explain their meaning and background, and discuss practical challenges in implementing the guidance. Further, some exemplary challenges arising from applying the general guidance to reinsurance contracts, particularly more complex forms, will be explained. The session will focus mainly on risk cessions, i.e. P&C coverage.

Your early-bird registration fee is € 360.00 (net) / € 428.40 (incl. VAT, if applicable) until 1 March 2024. After this date, the fee will be € 475.00 (net) / 565.25 (incl. VAT, if applicable).

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Coming soon...

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Liquidity Risk | 7 February 2024

Computational Support for Liability Forecasting with Practical Examples | 5 March 2024

Understanding the Performance of an Insurance Company: An Introduction | 10/11/15/16 April 2024

...and a lot more! Explore our website for more information or download our overview.

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actuarial-academy.com

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