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In 2017, after more
than two decades of debates, outreach and Exposure Drafts, the IASB
finally published the new IFRS 17 standard for Insurance Contracts.
After additional three years of further debates on several
actuarial and accounting-related aspects of the implementation, the
IASB issued amendments to IFRS 17 on 25 June 2020, which included a
postponed effective date of IFRS 17 by two years to allow for an
orderly adoption and at the same time to enable more insurers to
implement the new IFRS 17. The new standard is now effective since
1 January 2023 and changed fundamentally the way insurance
companies present their obligations and their financial performance
stemming from insurance contracts according to IFRS.
As evolving experience shows, actuaries play a key role in this
area. The standard requires many fundamental decisions, which
determines the amount and profile of IFRS results for years to
come. Complex measurement models have been developed and the
collaboration and communication with accounting functions has
become more intense and more complex. Actuaries need to explain the
actuarial valuation output as well as the impact of applied
accounting decisions and the corresponding consequences for the
financial statements to their top-management.
Accordingly, a strong focus of this web session lies on the
accounting framework in which actuaries operate. It addresses the
specifics of all relevant insurance lines of business and highlight
key conceptual topics and options the standard offers for
implementation. It will also address the impact on transition,
which will often affect the financial statements for years to come.
The web session will be useful for both finance and actuarial
experts involved in IFRS 17 implementation or simply interested in
the practical application of this ground-breaking new
standard.
Your early-bird registration fee is € 720.00 (net) / € 856.80
(incl. VAT, if applicable) for bookings by 15 April 2024. After
this date, the fee will be € 935.00 (net) / € 1,112.65 (incl. VAT,
if applicable). |
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