A tailored course, built for your situation
Mastering IFRS 17 for Financial Reporting at Global Financial Institutions
A structured path to owning the narrative in complex regulatory reporting environments
$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.
Stress-test packs requiring last-minute recalibrations under audit cycles
The situation this course is for
IFRS 17 implementations often stall not from lack of data, but from misalignment between actuarial inputs, finance sign-off, and external auditor expectations. Small assumption shifts cascade into rework, especially when reporting cycles compress. Teams spend more time justifying changes than advancing insight.
Who this is for
Senior IC in financial reporting or regulatory compliance at a global financial institution with insurance exposure, responsible for end-to-end IFRS 17 disclosure packages
Who this is not for
Junior accountants, auditors without modeling access, or professionals outside financial services
What you walk away with
- Produce IFRS 17 disclosure narratives that require no rework during peer review
- Confidently defend core assumptions to internal stakeholders and auditors
- Reduce cycle time from initial calculation to final validation by at least 60%
- Become the go-to reference for IFRS 17 interpretation across finance and risk teams
- Anticipate auditor questions before they’re asked, using structured assumption documentation
The 12 modules (with all 144 chapters)
Module 1. Understanding IFRS 17 Scope and Applicability
Clarify which contracts fall under IFRS 17 and how Macquarie’s structure influences grouping and measurement. This module maps real policy language to standard-setting intent.
12 chapters in this module
- Identifying insurance contracts under IFRS 17 criteria
- Distinguishing investment contracts from insurance contracts
- Applying the separation model to hybrid contracts
- Assessing hold-to-collection vs. hold-to-sell intent
- Grouping contracts by profitability and risk profile
- Determining coverage units for measurement consistency
- Evaluating reinsurance contracts under the new standard
- Applying variable fee approach to unit-linked products
- Handling modifications and cancellations under IFRS 17
- Transition methods: full vs. modified retrospective
- First-time adoption considerations for global firms
- Documenting initial recognition decisions for audit
Module 2. Building the Contractual Service Margin Framework
Establish a repeatable process for calculating and unlocking the CSM, ensuring alignment across actuarial and finance teams.
12 chapters in this module
- Defining the contractual service margin conceptually
- Calculating CSM at initial recognition
- Incorporating risk adjustments into CSM setup
- Linking CSM to fulfillment cash flows
- Allocating CSM across coverage units
- Unlocking CSM over service periods
- Adjusting CSM for experience gains and losses
- Handling currency translation effects on CSM
- Documenting CSM changes for internal review
- Validating CSM behavior across scenarios
- Integrating CSM with general ledger systems
- Preparing CSM disclosures for external auditors
Module 3. Measuring Fulfillment Cash Flows
Structure a robust, defensible approach to estimating future cash flows, incorporating probability weighting and discounting.
12 chapters in this module
- Identifying all fulfillment cash flow components
- Projecting policyholder behavior assumptions
- Estimating claims development patterns
- Incorporating expense projections into modeling
- Applying probability weighting to outcomes
- Selecting appropriate discount rates
- Using currency-specific yield curves
- Incorporating liquidity premiums
- Updating assumptions for new information
- Documenting rationale for assumption choices
- Linking cash flows to economic scenarios
- Validating model outputs against benchmarks
Module 4. Implementing the Building Block Model
Assemble the components of the building block model with consistency and audit readiness.
12 chapters in this module
- Structuring the fulfillment cash flow estimate
- Adding the risk adjustment component
- Calculating the total liability amount
- Integrating the CSM into the liability
- Applying current estimates vs. initial recognition
- Handling changes in discount rates
- Updating mortality and lapse assumptions
- Reflecting changes in expense projections
- Testing sensitivity of key inputs
- Documenting model runs for compliance
- Aligning with internal actuarial models
- Producing audit-ready reconciliation reports
Module 5. Designing Disclosure Packages
Create clear, compliant disclosures that meet both technical requirements and stakeholder expectations.
12 chapters in this module
- Mapping disclosure requirements to IFRS 17 sections
- Summarizing key accounting policies
- Presenting reconciliation of CSM movements
- Disclosing risk adjustment methodologies
- Reporting insurance contract liabilities by class
- Explaining assumptions for long-duration contracts
- Integrating narrative with quantitative data
- Ensuring consistency across financial statements
- Preparing footnotes for external audit
- Tailoring disclosures for investor audiences
- Versioning disclosure drafts for review
- Finalizing packages for SEC and local regulator submission
Module 6. Integrating Actuarial and Finance Workflows
Bridge the gap between modeling teams and financial reporting units through structured handoffs.
12 chapters in this module
- Defining handoff points between actuarial and finance
- Standardizing assumption documentation formats
- Validating model outputs before integration
- Aligning time horizons across functions
- Automating data extraction from modeling tools
- Mapping outputs to chart of accounts
- Reconciling model results with GL entries
- Scheduling cross-functional review cycles
- Documenting exceptions during integration
- Establishing escalation paths for discrepancies
- Creating audit trails for sign-off
- Reducing rework through early alignment
Module 7. Managing Assumption Governance
Institutionalize a process for reviewing, approving, and versioning key assumptions.
12 chapters in this module
- Identifying key assumptions requiring governance
- Defining roles: actuary, controller, auditor
- Creating assumption approval workflows
- Setting frequency for assumption reviews
- Documenting rationale for changes
- Versioning assumptions across reporting periods
- Linking changes to economic triggers
- Communicating updates across teams
- Archiving historical assumption sets
- Producing audit evidence for tracking
- Aligning with internal controls framework
- Integrating with broader financial planning
Module 8. Navigating Auditor Interactions
Prepare for external review with structured responses and complete documentation.
12 chapters in this module
- Understanding auditor focus areas
- Preparing evidence for key estimates
- Anticipating follow-up questions
- Organizing documentation for inspection
- Responding to auditor inquiries promptly
- Clarifying actuarial methodology in plain terms
- Justifying discount rate selections
- Explaining risk adjustment techniques
- Defending assumption updates
- Handling auditor-requested recalculations
- Tracking open items to resolution
- Closing audit cycles with minimal adjustments
Module 9. Automating Recalculation Triggers
Build logic that identifies when a full or partial recalculation is required.
12 chapters in this module
- Defining materiality thresholds for changes
- Monitoring actual vs. expected experience
- Tracking economic assumption shifts
- Identifying contract boundary changes
- Automating detection of significant events
- Flagging contracts for review
- Prioritizing recalculation queue
- Applying prospective vs. retrospective treatment
- Documenting recalculation rationale
- Updating CSM after recalibration
- Generating audit trail entries
- Integrating with financial close calendar
Module 10. Linking IFRS 17 to Capital Management
Connect regulatory reporting outputs to internal capital decisions.
12 chapters in this module
- Understanding IFRS 17 impact on capital ratios
- Mapping liability profiles to risk appetite
- Informing stress testing with IFRS 17 outputs
- Supporting internal ratings with disclosures
- Feeding results into dividend planning
- Aligning with BCAR frameworks
- Communicating with Treasury and Risk teams
- Presenting IFRS 17 sensitivity to ALCO
- Supporting economic capital modeling
- Highlighting concentration risks
- Informing reinsurance decisions
- Integrating with liquidity planning
Module 11. Versioning and Audit Trail Design
Ensure every change is documented and traceable for compliance.
12 chapters in this module
- Defining version control for models
- Tracking assumption changes over time
- Capturing user actions in audit logs
- Securing access to model inputs
- Reconciling versions across teams
- Archiving model runs for inspection
- Producing timestamped outputs
- Linking changes to approval workflows
- Creating read-only copies for auditors
- Validating integrity of historical runs
- Integrating with data governance tools
- Meeting retention policies for records
Module 12. Scaling the Framework Across Jurisdictions
Adapt IFRS 17 reporting for regional variations while maintaining central consistency.
12 chapters in this module
- Mapping local GAAP differences to IFRS 17
- Handling jurisdiction-specific disclosures
- Managing currency and tax implications
- Aligning with local audit requirements
- Translating reports for regional stakeholders
- Coordinating with country finance leads
- Centralizing template management
- Decentralizing execution with oversight
- Standardizing core assumptions globally
- Allowing controlled local deviations
- Consolidating outputs for parent reporting
- Ensuring consistency in investor messaging
How this maps to your situation
- Starting with foundational scope and measurement
- Moving into workflow and integration challenges
- Addressing audit and governance needs
- Expanding to cross-functional and enterprise impact
Before vs. after
Before
Spending cycles justifying assumptions and rebuilding reporting packages under auditor scrutiny
After
Producing clean, defensible IFRS 17 narratives that stand up to review and shape internal credibility
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 per week over eight weeks, with flexible access.
If nothing changes
Without structured IFRS 17 practices, teams risk recurring rework, auditor pushback, and erosion of influence in strategic conversations about capital and risk.
How this compares to the alternatives
Unlike generic IFRS 17 overviews, this course delivers role-specific workflows, real templates, and implementation logic tailored to senior practitioners in global financial institutions.
Frequently asked
Is this course technical enough for actuaries?
Yes, it includes deep modeling logic and assumption governance used by practitioners at institutions like Macquarie.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Can I share the templates with my team?
Yes, the implementation playbook and templates are licensed for team use within your organization.
$199 one-time. 90 minutes per week over eight weeks, with flexible access..
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