Overview of the IFRS 17 Standard
RIS17 : RIS171
This course provides an introduction to IFRS 17, the International Financial Reporting Standard for insurance contracts. It covers key foundational concepts, the measurement models used to calculate liabilities, and other important aspects of the standard.
Learn How To
- Describe the structure of the IFRS 17 standard
- Explain various measurements models for liabilities in the standard
- Explain various aspects of the standard like initial recognition, disclosure, transition and so on
Who Should Attend
This course is ideal for consultants, finance, and business professionals seeking to understand insurance regulations as part of broader risk management knowledge. It is also suitable for university students aspiring to build a career in insurance analytics, regulations, and compliance, providing them with an introductory foundation.
Prerequisites
Basic knowledge of Insurance industry and business terminology. You can basic level information around the topic of insurance by attending the course "Overview of Insurance Fundamentals".
Course Outline
Introduction to IFRS17 Standard
- Introduction
- Key concepts in the standard
- General Measurement Models: GMM and VFA
- Premium Allocation Approach
- Other topics in the standard
- Understanding IFRS 17 using simple examples