The main improvement in insurance accounting under IFRS 17 was to align the income statement with modern accounting principles. IFRS 17 requires differentiation between movements of the insurance contract liability that represent earnings received for providing services and are presented as insurance revenue, expenses resulting from the provision of services, and insurance finance income or expense resulting from financial activities and other movements, that do not qualify to be presented in the income statement, particularly, premiums received and repayments of amounts received. Traditional accounting often presented only the net movement of insurance contract liabilities, premiums received, and costs and benefits paid in the income statement, without allowing users of the report to understand the sources of the profits remaining.

Actuaries need to categorise the movement of the insurance contract liability in accordance with the accounting concept of revenue. The purpose of the online seminar is to discuss the accounting concepts of the income statement for identifying the elements of the insurance contract liability movements.

This web session should enable the participant to identify the elements of liability movements to be presented separately in the income statement under IFRS 17. The online seminar outlines the theoretical concepts and discusses their application for the main business cases.

Early-bird discount is available for bookings made by 1 October 2026.

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Coming soon...

Machine Learning & Generative AI: A Hands-On Guide to Actuarial Practice | 8/9 June 2026 in Munich

Deep Learning in Finance for Pension Funds with Examples | 29 June 2026

Actuarial Data Science – Completion | 31 August - 2 September 2026

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