A tailored course, built for your situation
Mastering IFRS 17 for Financial Reporting Practitioners
A structured approach to implementing and maintaining IFRS 17 compliance with precision and confidence
$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.
Audit narratives that keep coming back for rework under IFRS 17 scrutiny
The situation this course is for
Financial reporting teams spend disproportionate time refining audit narratives due to inconsistent interpretation of IFRS 17 requirements, leading to last-minute pressure, cross-functional chasing, and exposure during regulator-facing reviews.
Who this is for
Senior financial compliance practitioner at a global financial institution, responsible for IFRS 17 implementation and audit-readiness, under pressure to deliver accurate, timely reporting without error or rework
Who this is not for
Entry-level accountants, auditors focused only on SOX 404, or practitioners not involved in insurance contract valuation or regulatory reporting
What you walk away with
- Produce audit-ready IFRS 17 narratives the first time, every time
- Reduce quarterly reporting rework from days to hours
- Build internal credibility as a go-to interpreter of complex IFRS 17 requirements
- Streamline cross-team evidence collection with standardized templates
- Anticipate regulator follow-ups with sourced, defensible responses
The 12 modules (with all 144 chapters)
Module 1. Understanding the IFRS 17 Core Principles
Lay the foundation with a clear breakdown of the three measurement models: building block, premium allocation, and fair value, and how they apply to different insurance contracts.
12 chapters in this module
- The historical context leading to IFRS 17 adoption
- Key differences between IFRS 17 and previous standards
- Overview of the three measurement approaches
- Identifying insurance contracts under IFRS 17 scope
- Grouping and disaggregation of contract portfolios
- Initial recognition principles for insurance liabilities
- How to determine fulfillment cash flows
- Discount rates and time value of money considerations
- Risk adjustment methodologies and market inputs
- Contract boundary definition and coverage period
- Accounting for acquisition costs and incremental costs
- Treatment of investment components within contracts
Module 2. Building the Building Block Model
Walk through the step-by-step construction of the building block model, including cash flow estimation and risk adjustment calibration.
12 chapters in this module
- Structuring expected cash flows for long-dated policies
- Estimating future premiums and claims with confidence
- Handling non-financial risks in cash flow projections
- Selecting appropriate risk adjustment techniques
- Calibrating risk margins using confidence levels
- Incorporating liquidity premiums and market data
- Sensitivity testing for actuarial assumptions
- Documenting key assumptions and rationale
- Linking risk adjustment to internal risk appetite
- Treatment of dynamic lapse assumptions
- Model validation requirements under audit
- Common pitfalls in building block implementation
Module 3. Premium Allocation Approach Deep Dive
Master the mechanics of PAA for qualifying contracts, including allocation patterns and adjustments for onerous contracts.
12 chapters in this module
- Eligibility criteria for premium allocation method
- Determining the coverage period for PAA application
- Calculating unearned profit and allocation patterns
- Recognizing profit over time using PAA
- Handling changes in estimates and assumptions
- Adjusting for onerous contracts under PAA
- Reassessing PAA eligibility at each reporting date
- Interaction between PAA and reinsurance contracts
- Disclosing PAA methodology in financial statements
- Auditor expectations for PAA documentation
- Common challenges in PAA implementation
- Benchmarking PAA outputs with market peers
Module 4. Fair Value Measurement and Market Consistency
Apply market-consistent measurement techniques and understand how fair value interacts with IFRS 17 requirements.
12 chapters in this module
- Definition of fair value in insurance contexts
- Identifying observable inputs for valuation
- Using market yields and credit spreads in modeling
- Incorporating counterparty risk into valuations
- Calibrating models to market prices where available
- Documentation required for unobservable inputs
- Back-testing models against market data
- Role of external valuations and third-party input
- Auditor review of fair value assumptions
- Handling liquidity premiums in valuation
- Reconciling model outputs with market indices
- Updating models for market regime changes
Module 5. Transition Methods and Initial Application
Navigate the complexities of transitioning from prior standards to IFRS 17 with full audit readiness.
12 chapters in this module
- Overview of transition options: full vs modified
- Data requirements for transition calculations
- Determining opening balances under IFRS 17
- Handling contracts with no directly attributable costs
- Accounting for reinsurance at transition
- Documenting policy elections and simplifications
- Disclosing transition adjustments in notes
- Internal control considerations for transition
- Common audit findings in transition reporting
- Lessons learned from first-time adopters
- Managing stakeholder expectations during transition
- Post-transition review and refinement
Module 6. Data Infrastructure for IFRS 17 Compliance
Design and validate the data pipeline that supports reliable, repeatable IFRS 17 reporting.
12 chapters in this module
- Identifying core data elements for IFRS 17
- Mapping data sources across actuarial and finance
- Building traceability from source to report
- Ensuring data granularity and timeliness
- Validation rules for cash flow inputs
- Handling foreign currency translation
- Data retention and audit trail requirements
- Role of data governance in compliance
- Integrating actuarial systems with financial reporting
- Common data gaps in early implementations
- Automating data extraction and reconciliation
- Best practices for data quality assurance
Module 7. Actuarial Model Governance under IFRS 17
Establish robust model validation and governance processes to ensure reliability and defensibility.
12 chapters in this module
- Defining model ownership and accountability
- Documentation standards for actuarial models
- Version control and change management
- Independent model review requirements
- Sensitivity and scenario testing protocols
- Back-testing models against actual experience
- Model performance monitoring frameworks
- Handling model updates and recalibration
- Audit expectations for model governance
- Integration with enterprise risk frameworks
- Training for model users and reviewers
- Building audit-ready model validation packs
Module 8. Disclosures and Narrative Reporting
Develop clear, compliant, and stakeholder-friendly disclosures that anticipate auditor and regulatory scrutiny.
12 chapters in this module
- Required disclosures under IFRS 17 standards
- Structuring the narrative for clarity and completeness
- Explaining key assumptions to non-actuaries
- Presenting sensitivity analyses effectively
- Linking disclosures to financial statements
- Handling segment reporting under IFRS 17
- Disclosing risk adjustment methodologies
- Transparency around model updates and changes
- Common auditor comments on disclosure quality
- Benchmarking narrative clarity with peers
- Internal review process for disclosures
- Finalizing reports for external audit
Module 9. Audit Readiness and Evidence Packaging
Assemble robust, defensible evidence dossiers that pass external scrutiny on the first try.
12 chapters in this module
- Understanding auditor testing cycles and timing
- Preparing evidence packs for each assertion
- Documenting control effectiveness over data
- Responding to auditor inquiries with precision
- Handling materiality thresholds in testing
- Building traceable work papers
- Defending actuarial assumptions under challenge
- Common audit findings and how to avoid them
- Working with external auditors efficiently
- Streamlining evidence requests with templates
- Version control for audit submissions
- Post-audit review and process improvement
Module 10. Cross-Functional Collaboration Framework
Orchestrate seamless coordination between actuarial, finance, legal, and compliance teams.
12 chapters in this module
- Mapping team responsibilities across IFRS 17
- Establishing clear handoffs and SLAs
- Managing interdependencies in reporting cycle
- Facilitating joint assumption-setting sessions
- Resolving conflicts in interpretation
- Communicating progress to leadership
- Integrating IFRS 17 into broader control framework
- Training non-specialists on key concepts
- Managing third-party vendor involvement
- Ensuring consistent messaging across functions
- Documenting collaboration protocols
- Optimizing meeting cadence and agendas
Module 11. Regulatory Expectations and Engagement
Align reporting practices with evolving regulatory expectations and examiner priorities.
12 chapters in this module
- Overview of APRA and global regulator expectations
- Responding to regulatory inquiries under IFRS 17
- Preparing for on-site reviews and audits
- Maintaining defensible rationale for judgments
- Handling public disclosure requirements
- Benchmarking against regulatory guidance
- Managing changes in regulatory interpretation
- Engaging with regulators proactively
- Documenting regulatory correspondence
- Incorporating feedback into future reporting
- Understanding enforcement risk landscape
- Building credibility with examiner teams
Module 12. Sustaining Compliance and Continuous Improvement
Embed IFRS 17 into ongoing operations with monitoring, review, and optimization cycles.
12 chapters in this module
- Establishing quarterly review cadence
- Monitoring model performance over time
- Updating assumptions based on experience
- Managing changes in portfolio composition
- Handling new product launches under IFRS 17
- Optimizing reporting processes for efficiency
- Reducing manual effort through automation
- Training new team members effectively
- Maintaining audit readiness year-round
- Sharing lessons across business units
- Benchmarking performance against peers
- Planning for future standard updates
How this maps to your situation
- IFRS 17 implementation in global financial institutions
- Audit cycle pressure on financial reporting teams
- Regulatory scrutiny increasing on insurance liabilities
- Cross-functional tension in data and assumption ownership
Before vs. after
Before
Spending weeks revising audit narratives, chasing data, and defending assumptions under IFRS 17 reviews
After
Producing clean, defensible reporting packages in days, with confidence in every assumption and citation
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: 90 minutes on a Sunday, or 10-15 minutes daily over two weeks , designed for practitioners with existing workloads.
If nothing changes
Without a structured approach, teams risk extended audit cycles, repeated findings, regulatory scrutiny, and erosion of stakeholder trust due to inconsistent or indefensible reporting.
How this compares to the alternatives
Generic IFRS 17 overviews lack actionable steps. Competitor courses rely on video lectures and broad frameworks. This course delivers text-based, audit-focused walkthroughs with real templates and a tailored implementation playbook , the only one built specifically for financial reporting practitioners under real reporting pressure.
Frequently asked
Who is this course for?
Senior financial reporting and compliance practitioners responsible for IFRS 17 implementation and audit readiness at global financial institutions.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Will this help with audit cycles?
Yes , the course includes templates and frameworks specifically designed to reduce audit rework and deliver cleaner narratives.
$199 one-time. 90 minutes on a Sunday, or 10-15 minutes daily over two weeks , designed for practitioners with existing workloads..
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