A tailored course, built for your situation
Mastering IFRS 17 for Insurance Finance Practitioners
A complete, step-by-step implementation guide tailored to current reporting cycles and audit expectations
$199 one-time
24-hour access provisioning
30-day money-back guarantee
Hand-built implementation playbook
12 modules. 12 chapters per module. 144 chapters total.
12 modules, each with 12 chapters (144 chapters total), text-based, plus downloadable templates and a hand-built implementation playbook delivered alongside course access.
Struggling to source modeling assumptions on demand during IFRS 17 audits?
The situation this course is for
Finance teams in insurance firms are spending 70+ hours per quarter reconstructing rationale for actuarial inputs after auditor follow-ups. The pressure peaks when reviewers question discount rate selections or longevity assumptions. Without a documented trail, teams scramble to reassemble reasoning under tight deadlines, increasing risk of inconsistency and delayed sign-off.
Who this is for
Insurance finance professionals in global institutions managing IFRS 17 compliance, audit preparation, and cross-functional actuarial-finance alignment
Who this is not for
Entry-level accountants, non-finance staff, or professionals outside insurance and reinsurance who aren't involved in technical reporting or audit readiness
What you walk away with
- Produce IFRS 17 disclosures with pre-documented, source-backed rationale for every key assumption
- Answer auditor follow-ups on actuarial inputs with confidence and precision
- Reduce post-submission rework cycles by aligning finance and actuarial teams upfront
- Demonstrate deep technical command during cross-functional reviews without deferring to external consultants
- Build a living repository of modeling decisions that survives team turnover and audit cycles
The 12 modules (with all 144 chapters)
Module 1. IFRS 17 Fundamentals and Scope Alignment
Establish a common foundation for IFRS 17 application in insurance contracts, focusing on scope, unit of account, and initial recognition principles aligned with actual Macquarie-level reporting thresholds.
12 chapters in this module
- Understanding the three IFRS 17 measurement models and their use cases
- Differentiating between OCI and P&L treatment under the GMM
- Identifying insurance contracts vs. investment contracts
- Applying the definition of a fulfilled contract
- Treatment of acquisition costs under the new standard
- Initial recognition and measurement timing
- Assessing modification impact on existing contracts
- Significance thresholds for contract grouping
- Currency translation for cross-border portfolios
- Treatment of embedded derivatives under IFRS 17
- Interaction between IFRS 4 and IFRS 17 during transition
- Documenting policy elections for consistency across reporting
Module 2. Building the Contractual Service Margin
Walk through the mechanics of CSM formation, unlocking, and adjustment with worked examples from complex insurance portfolios.
12 chapters in this module
- Calculating initial CSM with and without loss components
- Incorporating expected profits into CSM setup
- Treatment of risk adjustments in CSM valuation
- Allocating CSM to coverage periods using coverage units
- Adjusting CSM for changes in estimates
- Recognizing CSM release in profit or loss
- Impact of discount rate changes on CSM
- CSM treatment in onerous contracts
- Interplay between CSM and OCI elections
- CSM for participating contracts with profit-sharing
- Handling currency effects within the CSM
- Documenting CSM assumptions for audit readiness
Module 3. Forecasting and Discount Rate Selection
Create defensible, transparent forecasts for IFRS 17 compliance with clear sourcing and rationale for auditor follow-ups.
12 chapters in this module
- Building service margin release projections over time
- Selecting appropriate discount curves for liability cashflows
- Sourcing risk-free rates from observable markets
- Incorporating liquidity premiums into curves
- Treatment of zero-coupon bonds in discounting
- Projection of future claims and expenses
- Using historical data to justify forecast ranges
- Scenario analysis for economic assumption testing
- Handling extrapolation for long-dated liabilities
- Documenting assumptions per jurisdictional requirements
- Reconciling forecast changes with actuarial models
- Managing model-to-model variance in discounting
Module 4. Actuarial Model Integration
Align actuarial systems with IFRS 17 reporting requirements to ensure modeling outputs meet finance and audit standards.
12 chapters in this module
- Mapping model outputs to IFRS 17 line items
- Validating model inputs for audit traceability
- Setting model granularity for reporting efficiency
- Ensuring model assumptions align with financial statements
- Documentation requirements for internal models
- Testing model convergence across portfolios
- Handling model updates during reporting cycles
- Reconciliation with general ledger balances
- Version control and change tracking
- Interface design between actuarial and finance systems
- Data lineage from model input to disclosure
- Audit trail design for model iterations
Module 5. Disclosure Design and Footnote Preparation
Produce clear, compliant disclosures that preempt auditor questions and demonstrate deep technical control.
12 chapters in this module
- Structuring the liability for remaining coverage
- Presenting the risk adjustment in financial statements
- Disclosing changes in CSM through periods
- Explaining model changes in footnotes
- Reporting onerous contract recognition
- Breaking down acquisition cost amortization
- Segmenting by product line and geography
- Presenting liquidity adjustment disclosures
- Explaining discount rate selection sources
- Footnoting assumptions for future cashflows
- Revealing sensitivity analyses for key inputs
- Cross-referencing disclosures to internal controls
Module 6. Audit Evidence Compilation
Streamline evidence collection for IFRS 17 audits with templates and workflows used in global insurance firms.
12 chapters in this module
- Building the audit binder structure
- Documenting sign-off on key assumptions
- Retaining model version data for reviews
- Sourcing external references for rates
- Capturing actuarial memo approvals
- Tracking changes in methodology over time
- Compiling data lineage documentation
- Evidence for risk adjustment calculations
- Audit trail for discount curve updates
- Internal control attestations for IFRS 17
- Review cycle documentation
- Handling auditor follow-up requests systematically
Module 7. Cross-Functional Alignment Process
Design collaboration workflows between finance, actuarial, and compliance to reduce friction in IFRS 17 reporting.
12 chapters in this module
- Defining RACI for assumption sign-off
- Scheduling alignment meetings pre-close
- Setting thresholds for assumption changes
- Creating a central assumption register
- Integrating legal entity reporting timelines
- Managing currency translation across regions
- Resolving conflicts on projection inputs
- Documenting decisions after cross-team review
- Updating finance teams on model changes
- Aligning reporting calendars with audit plans
- Involving tax teams on deferred tax impacts
- Managing external consultant inputs
Module 8. Regulator Inquiry Response Framework
Prepare structured, source-backed responses to common regulator questions on IFRS 17 implementation.
12 chapters in this module
- Anticipating queries on discount rate selection
- Responding to questions on risk adjustment methodology
- Explaining CSM unlocking with examples
- Clarifying loss component recognition
- Justifying actuarial model choices
- Handling data quality inquiries
- Providing transparency on macroeconomic assumptions
- Defending OCI elections
- Responding to queries on model validation
- Clarifying treatment of in-force contracts
- Addressing jurisdiction-specific concerns
- Maintaining confidentiality while providing assurance
Module 9. System and Control Mapping
Map IFRS 17 processes to internal controls to meet SOX 404 and operational risk requirements.
12 chapters in this module
- Identifying key controls in the reporting chain
- Designing controls for assumption changes
- Mapping data flow from models to GL
- Documenting access controls for actuarial systems
- Defining segregation of duties
- Designing review controls for management sign-off
- Control testing for audit readiness
- Change management for model updates
- Version control for reporting outputs
- Data integrity checks in ETL pipelines
- Reconciliation controls for IFRS-specific entries
- Monitoring controls for anomaly detection
Module 10. Transition Methodology and Opening Balances
Implement IFRS 17 from IFRS 4 with auditable, transparent adjustments and clear documentation.
12 chapters in this module
- Choosing the full retrospective method
- Applying the practical expedient for simplification
- Handling transition date elections
- Calculating opening CSM balances
- Reconciling legacy reserves to new standard
- Adjusting for onerous contracts at transition
- Updating valuation models for compliance
- Documenting transition assumptions
- Aligning with local regulator expectations
- Reporting transition impacts in footnotes
- Retaining pre-transition data for audits
- Managing post-transition corrections
Module 11. Quarterly Reporting Cycle Optimization
Reduce reporting burden with repeatable processes that maintain rigor and audit readiness.
12 chapters in this module
- Scheduling actuarial submissions
- Standardizing assumption freeze dates
- Automating data extraction from models
- Building checklist-driven validation
- Creating standardized commentary templates
- Tracking outstanding items pre-close
- Managing variance analysis for cashflows
- Updating disclosures efficiently
- Coordinating across time zones
- Minimizing manual adjustments
- Leveraging prior-period consistency
- Reducing last-minute rework
Module 12. Living Playbook for Ongoing Compliance
Create a self-updating, team-survivable documentation system for long-term IFRS 17 compliance.
12 chapters in this module
- Designing a version-controlled assumption library
- Setting up automated update triggers
- Integrating with document management systems
- Assigning ownership for ongoing maintenance
- Onboarding new team members
- Scheduling annual process reviews
- Updating for standard interpretation changes
- Tracking IASB updates and guidance
- Building crisis response readiness
- Conducting internal mock audits
- Archiving historical reporting cycles
- Scaling the playbook to new jurisdictions
How this maps to your situation
- Audit preparation and evidence collection
- Cross-functional alignment under tight cycles
- Model-to-financials reconciliation
- Regulator inquiry response with source-backed answers
Before vs. after
Before
Spending 100+ hours quarterly reconstructing rationale for auditor follow-ups on discount rate or longevity assumptions due to fragmented documentation and misaligned actuarial-finance handoffs.
After
Walking into reviews with pre-documented, source-backed reasoning for every modeling choice, reducing rework to under 10 hours and earning recognition as the go-to resource on IFRS 17 technical depth.
What's included with your purchase
- 12 modules with 12 chapters each (144 chapters)
- Downloadable templates and worked examples for every module
- Hand-built implementation playbook delivered alongside course access
- 30-day money-back guarantee
Delivery and format
- Course and learning environment access provisioned within 24 hours of purchase
- Hand-built implementation playbook delivered alongside course access
Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside course access.
Time investment: Approximately 8-10 hours of total time over 4-6 weeks, designed to fit around core reporting cycles.
If nothing changes
Without a defensible, well-documented IFRS 17 process, teams face repeated auditor challenges, delayed sign-offs, and erosion of credibility during cross-functional reviews, especially as regulatory scrutiny intensifies in global insurance reporting.
How this compares to the alternatives
Unlike generic IFRS 17 overviews or vendor-led training, this course delivers source-backed, auditor-tested reasoning patterns used in top-quartile insurance firms, focused on the specific pain points of pre-audit preparation and peer challenges.
Frequently asked
Is this course focused on IFRS 17 only?
Yes, the entire course is dedicated to IFRS 17 implementation, audit readiness, and cross-functional alignment in insurance finance contexts.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Does it cover actuarial modeling systems?
Yes, with specific modules on integrating actuarial outputs into IFRS 17 reporting and documenting model-to-financials alignment.
$199 one-time. Approximately 8-10 hours of total time over 4-6 weeks, designed to fit around core reporting cycles..
Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.
30-day money-back guarantee·
144 chapters·
Hand-built playbook included·
Account access within 24 hours