EAA Web Session 

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The IASB issued 2017 the new comprehensive insurance accounting standard IFRS 17,
with amendments issued in 2020. In line with IFRS 9, IFRS 17 does not permit to present
receipts and repayments of deposits, in IFRS 17 referred to as investment components, in P&L.
In general, all payments which do not represent the provision of services are excluded
from presentation in P&L. The identification of such payments requires judgment and the proper exclusion of those amounts from P&L is a challenge for the accounting systems.

The needed identification of cash flows not related to services introduces new considerations in the accounting process. Those will be discussed and approaches to achieve an adequate reflection in presentation. That does not only apply to contracts with savings elements, as in life insurance. As well non-life insurance contracts and reinsurance contracts often contain investment components and premium refunds. Examples from those areas will also be presented and discussed.

Your early-bird registration fee is € 100.00 plus 19% VAT for bookings by 30 March 2022.
After this date, the fee will be € 140.00 plus 19% VAT. 

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