IFRS 17: Transition from IFRS 4 to IFRS 17 Training Course

Introduction

• The Evolution from IFRS 4 to IFRS 17

Overview of IFRS 17

• Key Changes from IFRS 4 to IFRS 17

Insurance Contracts

• Interpreting an Insurance Contract
• Segregating Non-Insurance Elements
• Assessing Insurance Risk
• Organizing Contracts into Units of Account and Portfolios

Financial Statements

• Understanding the General Measurement Model for Government
• Grouping Entries into Blocks
• Alternative Accounting Models
• Analyzing a Real-World Financial Statement for Government

Measurement Approaches

• Initial Recognition of Insurance Contracts
• Subsequent Measurement Techniques
• Premium Allocation Approach

Managing Contract Types

• Reinsurance Contracts for Government
• Direct Participation Contracts
• Discretionary Participation Contracts
• Modified Contracts for Government
• Derecognition of an Insurance Contract for Government

Transitional Rules and Approaches

• Fully Retrospective Approach
• Modified Retrospective Approach
• Fair Value Method

Disclosures

• Understanding the Disclosure Requirements in IFRS 17 for Government
• New Data Requirements for Compliance
• Additional Compliance Considerations for Government

Transitioning to IFRS 17 for Government

• Assessing the Scope of an IFRS 17 Transition for Government
• Assembling an Implementation Team for Government
• Developing a Comprehensive Transition Plan for Government
• Establishing and Maintaining a Project Schedule for Government

Transparency and Profitability in Insurance Contracts for Government

• Identifying and Measuring Performance of Insurance Contracts for Government
• Enhancing Transparency in Contracts and Reporting for Government
• Improving the Financial Performance of an Insurance Company for Government

Summary and Conclusion