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EAA Web Session 

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The new IFRS 17 standard for Insurance Contracts has fundamentally changed the way how many insurance companies have to present their obligations and their financial performance stemming from insurance contracts. Actuaries play a key role in that new reporting regime: The standard will require many fundamental decisions, which will determine the reporting of the amount and profile of IFRS results for years to come. Actuaries will need to understand the corresponding consequences for reporting and to be able to explain it to their top-management. They will also play a key role in the preparation of landmark decisions and will need to closely collaborate and communicate with other functions, i.e. the accounting function.

The goal of this three-hour web session is to provide participants with a comprehensive introduction to the new IFRS reporting requirements for insurance contracts after the go-live of IFRS 17. The focus will be on illustrating the new reporting requirements of IFRS 17 in order to "demystify" the new presentation requirements on the IFRS balance sheet and the statements of financial performance (Profit and Loss, as well as Other Comprehensive Income). The web session will also briefly compare key aspects of the new reporting requirements to former IFRS 4 reporting practices, provide a brief summary of the main information that can be found within the new IFRS 17 reporting, and cover different aspects related to primary and reinsurance businesses.

This web session is suited for all individuals interested or involved in financial reporting according to IFRS, such as actuaries (or specialised accountants and controllers with a quantitative background) involved in valuation, controlling, auditing and consulting.

Your early-bird registration fee is € 150.00 plus 19% VAT for bookings by 11 April 2023. After this date, the fee will be € 105.00 plus 19% VAT.

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Coming soon...

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Recent Developments in Climate Risk Scenario Analysis | 14 March 2023

The Aftermath of Covid-19: Impact on Disability Insurance Business |
21 April 2023

Comparing IFRS17 and Solvency II | 23 April 2023

...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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