Actuarial Model Building for IFRS 17 Certification Training
Thisinsurance courseis designed to help actuaries to build IFRS 17 specific models. This new standard IFRS 17 shall become effective from 1 January 2023, therefore, the countdown for implementation has started with the introduction of IFRS 17, the actuarial involvement has significantly deepened and broadened in the industry. It is clear now that the actuarial input is absolutely essential to assure both the technical correctness and clarity of the approach proposed in the accounting standard. The actuarial teams shall now need to implement a new valuation basis requiring changes to the actuarial model, data, methodologies, contract boundaries and also areas which were previously not the responsibilities of actuaries (such as the calculation of revenue and CSM will also rely on probability-based assessment) may now fall to the responsibility of actuaries. The actuaries now need to have more close coordination with the finance teams. IFRS 17 Insurance Contracts will require a close cooperation between accountants and actuaries, much more than other accounting standards applied so far. This course will focus on the actuarial work to be done for IFRS 17, providing the necessary context as well as the specific treatment of active and passive reinsurance. The implementation of IFRS 17 will be a major challenge to insurers and investors, fundamentally changing accounting and reporting practices. This course will help actuaries in building models for IFRS 17. Enroll now and enhance your competence and knowledge
- With the introduction of IFRS 17, actuarial involvement has significantly deepened and broadened in the industry. It is clear now that the actuarial input is absolutely essential to assure both the technical correctness and clarity of the approach proposed in the accounting standard.
IFRS 17 Insurance Contracts will require close cooperation between accountants and actuaries, much more than other accounting standards applied so far. This course will focus on the actuarial work to be done for IFRS 17, providing the necessary context as well as the specific treatment of active and passive reinsurance.
Details:
- Cash Flow Projections (General Model)
- Discount Rates
- Modelling Options and Guarantees
- Risk Adjustment
- Amortization of Contractual Service Margin / Coverage Units
- Assumption Setting for Reinsurance Held
We have also designed a training program to discuss about IFRS 17 implementation challenges for actuaries.
Happy learning!
About The Trainer:
- An actuarial expert providing advisory services to reinsurance and insurance companies in the area of Financial Solutions, mainly focused on Solvency II and IFRS 17. Besides working on the actuarial models, he is supporting few major reinsurance companies on the specific impact of the IFRS 17 and potential measures mitigating adverse effects.
Frequently Asked Questions:
Actuarial Model Building for IFRS 17 Course:
Schedules
Build skills with experts anytime, anywhere. Keep up to date with the latest trends in your industry. Explore all of our courses and pick your suitable ones to enroll and start learning!
Actuarial Model Building for IFRS 17 Online Course
Actuarial Model Building for IFRS 17 Online Course
(America/New_York)
(America/New_York)
Price :
USD 499
USD 499
Actuarial Model Building for IFRS 17 Online Course
Actuarial Model Building for IFRS 17 Online Course
Hurry, Sale ends soon!
If you have any Queries about schedules Ask us here
More than 5 Participants ? Request for Corporate Training
