A tailored course, built for your situation
Mastering IFRS 17 for Financial Reporting Leaders at Global Investment Firms
A structured path to authoritative implementation and firm-wide influence
$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.
Who this is for
Senior financial reporting specialist or compliance officer at a global investment bank, navigating IFRS 17 implementation with real-world data, cross-jurisdictional pressures, and executive scrutiny.
Who this is not for
Entry-level accountants, auditors focused solely on SOX 404, or professionals outside financial services.
What you walk away with
- Lead internal IFRS 17 interpretation with confidence and consistency
- Become the go-to resource for cross-team clarification on implementation
- Produce audit-ready disclosures using a repeatable, source-backed method
- Anticipate and resolve variance issues before review cycles begin
- Document a firm-specific playbook that outlasts team changes
The 12 modules (with all 144 chapters)
Module 1. Foundations of IFRS 17: Core Principles and Scope
Build a solid grounding in the objective, scope, and key definitions of IFRS 17, including insurance contracts, onerous contracts, and the building block approach. Clarify distinctions from IFRS 4 and local GAAP treatments.
12 chapters in this module
- Understanding the primary objective of IFRS 17
- Defining what constitutes an insurance contract under IFRS 17
- Identifying contracts within scope and those explicitly excluded
- Differentiating IFRS 17 from legacy IFRS 4 treatments
- Recognizing onerous contract recognition triggers
- Applying the building block model to liability measurement
- Handling acquisition cash flows and their capitalization
- Determining fulfillment cash flows with reasonable estimates
- Incorporating discount rates and time value of money
- Calculating the risk adjustment for non-financial risk
- Using the premium allocation approach for short-duration contracts
- Mapping transition methods: full vs. modified retrospective
Module 2. Identifying Insurance Contracts Under IFRS 17
Learn how to systematically evaluate contracts for insurance risk, distinguish reinsurance from insurance, and apply judgment in borderline cases involving embedded derivatives.
12 chapters in this module
- Assessing the presence of a transfer of insurance risk
- Evaluating the significance of non-performance risk
- Determining whether risks are 'accepted' or 'assumed'
- Identifying explicit vs. implicit coverage elements
- Analyzing contracts with dual financial and insurance characteristics
- Applying the 'disproportionate share' test for risk transfer
- Reviewing common misclassifications in structured products
- Handling contracts with embedded derivatives under IFRS 9
- Segmenting multi-element contracts under IFRS 17
- Documenting rationale for classification decisions
- Referencing ASU the current cycle-12 for U.S. GAAP convergence points
- Benchmarking classification outcomes against EBA guidance
Module 3. The Building Block Model Explained
Break down the components of the building block model: fulfillment cash flows, risk adjustment, and contractual service margin. Understand how they interact and drive reporting outcomes.
12 chapters in this module
- Deconstructing the total liability for remaining coverage
- Estimating future cash inflows and outflows with confidence
- Incorporating probability-weighted expectations in forecasts
- Adjusting for non-financial risk using confidence intervals
- Calculating the risk adjustment using the cost-of-capital method
- Applying the expected present value technique correctly
- Maintaining consistency in discount rate selections
- Handling currency translation in multi-currency portfolios
- Updating assumptions in response to new information
- Recognizing changes in the contractual service margin
- Amortizing the service margin over coverage periods
- Linking margin recognition to service delivery patterns
Module 4. Fulfillment Cash Flows: Estimation and Updates
Master the estimation of future cash flows, including claims, expenses, investment income, and cancellations. Learn how to update assumptions and maintain defensibility.
12 chapters in this module
- Projecting ultimate claims using loss development methods
- Incorporating lapse rates and policyholder behavior trends
- Estimating operational expenses and cost allocations
- Forecasting investment income on embedded derivatives
- Applying probability distributions to uncertain outcomes
- Using credibility theory to weight historical data
- Updating estimates when new claims experience emerges
- Documenting actuarial judgment in narrative form
- Aligning with internal audit expectations on defensibility
- Testing sensitivity to key assumption changes
- Benchmarking against peer loss ratios and expense ratios
- Producing evidence packs for regulatory reviewers
Module 5. Risk Adjustment Techniques and Applications
Explore practical methods for calculating the risk adjustment, including cost-of-capital and confidence interval approaches, with real-world applications.
12 chapters in this module
- Understanding the purpose of the risk adjustment component
- Choosing between cost-of-capital and confidence interval models
- Applying a 6% cost-of-capital rate in base calculations
- Adjusting for jurisdiction-specific capital requirements
- Quantifying non-financial risks: underwriting, credit, operational
- Using Monte Carlo simulations for extreme event modeling
- Validating risk adjustment outputs with back-testing
- Linking risk margin to internal economic capital models
- Disclosing risk adjustment methodologies in notes
- Responding to auditor inquiries on conservatism
- Handling changes in risk profile over time
- Comparing risk margins across product lines
Module 6. Contractual Service Margin and Its Dynamics
Learn how to calculate, update, and amortize the contractual service margin, and how it reflects profit release over time.
12 chapters in this module
- Calculating the initial contractual service margin
- Recognizing excess of fulfillment cash flows over premiums
- Updating the CSM when assumptions change
- Distinguishing between favorable and adverse variances
- Releasing the CSM in line with service delivery
- Amortizing the CSM using a coverage units basis
- Handling changes in coverage duration or units
- Reflecting changes in discount rates in the CSM
- Applying the recovery of onerous contracts
- Releasing negative CSM balances appropriately
- Documenting CSM reconciliation processes
- Presenting CSM movements in financial statement notes
Module 7. Transition to IFRS 17: Practical Pathways
Navigate the three transition methods, full, modified, and fair value, with attention to data readiness, disclosures, and system impacts.
12 chapters in this module
- Assessing eligibility for optional simplifications
- Choosing between full retrospective and modified approaches
- Applying the fair value approach for non-significant portfolios
- Preparing opening balance adjustments
- Calculating cumulative catch-up adjustments
- Documenting policy elections and their rationale
- Aligning with IFRS 17 transition disclosures
- Managing data gaps with reasonable proxies
- Validating transition outputs with internal controls
- Preparing for audit scrutiny on opening balances
- Updating reporting systems for new data fields
- Communicating changes to treasury and risk teams
Module 8. Disclosures and Narrative Reporting Requirements
Master the extensive disclosure regime under IFRS 17, including line items, tables, and narrative explanations required in financial statements.
12 chapters in this module
- Structuring the statement of financial position impacts
- Presenting changes in the liability for remaining coverage
- Disclosing reconciliation of the contractual service margin
- Reporting risk adjustment movements by source
- Explaining significant assumptions in plain language
- Designing portfolio-level dashboards for transparency
- Summarizing sensitivity analyses for executives
- Drafting footnotes that satisfy IFRS 7 requirements
- Avoiding boilerplate in narrative reporting
- Tailoring disclosures for investor relations use
- Producing jurisdiction-specific variations
- Versioning disclosures for audit review cycles
Module 9. System and Data Architecture for IFRS 17
Understand the data infrastructure needed to support ongoing compliance, including source systems, mapping, and automation.
12 chapters in this module
- Identifying core data elements required by IFRS 17
- Mapping legacy systems to new reporting requirements
- Ensuring data lineage and auditability
- Integrating actuarial models with general ledger
- Automating cash flow projections where possible
- Validating data inputs using control frameworks
- Handling currency conversion at transaction level
- Archiving assumptions and model versions
- Scaling infrastructure for multi-jurisdiction rollouts
- Reducing manual intervention in monthly closes
- Partnering with IT on source-of-truth definitions
- Testing system changes before reporting cycles
Module 10. Cross-Jurisdictional Variations and Consistency
Navigate differences in interpretation and application across regions, especially in Europe, APAC, and North America, while maintaining group-wide standards.
12 chapters in this module
- Comparing EBA and APRA implementation guidance
- Addressing U.S. GAAP carve-outs and SEC expectations
- Applying local tax treatments to IFRS 17 outputs
- Harmonizing group reporting with local filings
- Documenting jurisdiction-specific adjustments
- Managing currency and inflation effects regionally
- Aligning with local regulator expectations
- Producing consolidated group views
- Handling transfer pricing implications
- Responding to local audit queries efficiently
- Maintaining consistency in global disclosures
- Updating playbooks for new market entries
Module 11. Stakeholder Communication and Executive Alignment
Learn how to explain IFRS 17 impacts to non-technical leaders, boards, and investors with clarity and authority.
12 chapters in this module
- Translating CSM movements into business terms
- Explaining risk adjustment to treasury teams
- Preparing executive summaries for leadership
- Creating visual dashboards for performance tracking
- Anticipating investor questions on earnings volatility
- Framing transition impacts as strategic enablers
- Aligning messaging with corporate narrative
- Preparing Q&A documents for earnings calls
- Educating sales teams on product implications
- Supporting capital planning with IFRS 17 outputs
- Linking compliance to long-term strategy
- Positioning expertise as a firm-wide asset
Module 12. Sustaining Compliance and Future-Proofing
Ensure ongoing adherence through control frameworks, audit readiness, and adaptation to future amendments.
12 chapters in this module
- Designing monthly review checklists for IFRS 17
- Conducting internal mock audits
- Updating assumptions on a regular cadence
- Monitoring IASB amendments and exposure drafts
- Implementing change controls for model updates
- Training new hires on firm-specific practices
- Documenting lessons from first-year reporting
- Refining templates based on audit feedback
- Scaling processes to new business lines
- Integrating IFRS 17 into ongoing risk assessments
- Building a living playbook for team continuity
- Establishing a center of excellence for insurance accounting
How this maps to your situation
- Initial IFRS 17 implementation phase
- Cross-functional alignment on interpretation
- Audit and regulatory review preparation
- Long-term sustainability and knowledge retention
Before vs. after
Before
Relies on fragmented guidance, inconsistent interpretation, and reactive responses to auditor or regulator questions on IFRS 17.
After
Leads with a structured, repeatable methodology, recognized as the authoritative source across teams and trusted by senior stakeholders.
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 90 minutes per module, designed for busy practitioners. Total investment: around 18 hours over 6, 8 weeks with spaced learning.
If nothing changes
Without a structured approach, misinterpretations can cascade into audit findings, regulatory scrutiny, or inconsistent reporting across regions, eroding credibility and increasing review cycles.
How this compares to the alternatives
Generic IFRS 17 webinars offer high-level overviews. This course provides firm-specific structure, actionable templates, and implementation clarity, designed for practitioners who must deliver, not just understand.
Frequently asked
Is this course relevant for someone at an investment bank?
Yes. It focuses on real-world application of IFRS 17 in complex, multi-jurisdictional financial institutions like Macquarie, with attention to disclosure, data systems, and executive communication.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Will this help me become more influential internally?
Yes. The course builds your ability to produce clear, defensible outputs that position you as the go-to reference across teams.
$199 one-time. Approximately 90 minutes per module, designed for busy practitioners. Total investment: around 18 hours over 6, 8 weeks with spaced learning..
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