A tailored course, built for your situation
Mastering IFRS 17 for Financial Reporting Practitioners at Global Financial Institutions
Precision in insurance accounting through structured application of the standard
$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.
Avoiding last-minute adjustments and audit rework in IFRS 17 reporting cycles
The situation this course is for
Even skilled teams face repeated revisions when bridging between actuarial models and financial statements under IFRS 17. Misalignment across functions leads to delays, manual rework, and inconsistent interpretations that surface late in the cycle.
Who this is for
Senior financial reporting specialist or accountant at a multinational financial institution managing IFRS 17 compliance with cross-functional dependencies
Who this is not for
Entry-level accountants, auditors without IFRS 17 exposure, or professionals outside insurance and asset-intensive financial services
What you walk away with
- Produce IFRS 17-compliant financial outputs with reduced revision cycles
- Align actuarial modeling teams and accounting functions using shared templates and definitions
- Deliver disclosures that withstand internal review and regulatory scrutiny without rework
- Apply standardized logic to variable cash flows and contract boundary assessments
- Document assumptions and judgments in a way that supports audit readiness from day one
The 12 modules (with all 144 chapters)
Module 1. Understanding IFRS 17 Core Objectives and Scope
Establish a foundational understanding of IFRS 17’s purpose, scope, and applicability to insurance contracts, including identification of eligible contracts and exemption criteria.
12 chapters in this module
- Defining what constitutes an insurance contract under IFRS 17
- Differentiating IFRS 17 from previous accounting standards like IFRS 4
- Understanding the three measurement models: GPM, PAA, and VFA
- Identifying embedded derivatives and separation requirements
- Applying the scope exclusions for financial instruments and service contracts
- Recognizing contract boundaries and modification impacts
- Handling reinsurance contracts under IFRS 17
- Transition provisions and practical expedients available
- Interpreting IFRS 17 in context of group reporting structures
- Linking standard requirements to organizational reporting timelines
- Documenting policy elections and consistency across periods
- Integrating jurisdictional nuances into global reporting frameworks
Module 2. Building the Contractual Service Margin Framework
Learn how to calculate and amortize the Contractual Service Margin (CSM) as the engine of profit recognition under IFRS 17.
12 chapters in this module
- Initial recognition of the CSM at contract inception
- Incorporating fulfilment cash flows into CSM calculation
- Adjusting CSM for risk adjustments and loss components
- Amortizing CSM over the service period using a relative linearity method
- Releasing CSM upon contract termination or non-renewal
- Handling changes in assumptions and their CSM impact
- Linking CSM movements to income statement reporting
- Managing CSM across currency translation and consolidation
- Documenting CSM sensitivity to actuarial assumptions
- Using templates to automate CSM rollforwards
- Aligning CSM logic with internal performance metrics
- Avoiding common errors in CSM amortization patterns
Module 3. Measuring Fulfilment Cash Flows Accurately
Develop precision in estimating and updating fulfilment cash flows, including probability-weighted expectations and risk adjustments.
12 chapters in this module
- Identifying all expected cash inflows and outflows for insurance contracts
- Applying time value of money and discount rate selection
- Incorporating probability-weighted outcomes across scenarios
- Selecting appropriate risk adjustments for non-financial risk
- Updating cash flows for new information and experience adjustments
- Using loss components to prevent negative CSM
- Handling currency-specific cash flow projections
- Linking actuarial models to accounting outputs
- Documenting key assumptions for audit readiness
- Managing uncertainty in long-duration contracts
- Integrating inflation and macroeconomic forecasts
- Standardizing data inputs across global entities
Module 4. Implementing the Building Block Approach
Apply the structured methodology for measuring insurance liabilities using explicit components.
12 chapters in this module
- Breaking down liabilities into best estimate cash flows
- Applying risk adjustments using confidence level methods
- Choosing discount rates consistent with financial assets
- Incorporating liquidity premiums where applicable
- Aggregating contracts into measurement groups
- Handling onerous contracts and loss recognition
- Updating assumptions with current experience
- Documenting rationale for each building block input
- Aligning with internal actuarial reporting packages
- Automating recalculations upon assumption changes
- Testing model outputs against manual benchmarks
- Validating consistency across reporting periods
Module 5. Transitioning from IFRS 4 to IFRS 17
Navigate the practical steps and elections available when adopting IFRS 17 for the first time.
12 chapters in this module
- Choosing between full retrospective and modified approaches
- Applying practical expedients for data limitations
- Setting initial CSM balances under transition rules
- Handling comparative period disclosures
- Reconciling legacy reserves to new measurement models
- Managing system cutoff dates and data migration
- Documenting policy elections for audit trail
- Integrating transitional adjustments into financial statements
- Aligning with regulator expectations on transition
- Communicating changes to internal stakeholders
- Evaluating impact on capital and solvency metrics
- Benchmarking transition timing across peer institutions
Module 6. Integrating Actuarial and Accounting Workflows
Bridge the gap between actuarial modeling outputs and financial reporting requirements.
12 chapters in this module
- Mapping actuarial model outputs to accounting line items
- Establishing data handoff protocols between teams
- Validating model inputs for financial reporting use
- Handling model changes and version control
- Using standardized assumptions across disciplines
- Creating audit-ready documentation from actuarial reports
- Resolving differences between model and ledger data
- Synchronizing closing timelines across functions
- Building cross-functional sign-off workflows
- Training accounting teams on actuarial outputs
- Developing shared lexicons to avoid miscommunication
- Implementing feedback loops for continuous improvement
Module 7. Preparing Disclosures That Withstand Scrutiny
Craft clear, compliant disclosures that satisfy auditors and regulators without overburdening teams.
12 chapters in this module
- Identifying required disclosures under IFRS 17
- Organizing narrative sections for readability
- Presenting reconciliation of CSM movements
- Explaining risk adjustment methodologies
- Detailing discount rate selection and sensitivity
- Reporting on concentration risks and key assumptions
- Providing comparative period data correctly
- Linking disclosures to internal control frameworks
- Avoiding boilerplate while maintaining compliance
- Using visuals to enhance clarity without oversimplifying
- Aligning with external auditor expectations
- Maintaining disclosure consistency across filings
Module 8. Managing Systemic and Operational Challenges
Address data, technology, and process gaps that hinder accurate IFRS 17 reporting.
12 chapters in this module
- Assessing data quality across source systems
- Identifying gaps in actuarial and financial data
- Designing reconciliation processes between platforms
- Evaluating ERP and actuarial system integration options
- Implementing controls for data integrity
- Managing metadata and version tracking
- Scaling reporting workflows across legal entities
- Reducing manual intervention in reporting cycles
- Securing sign-off across distributed teams
- Training stakeholders on new reporting logic
- Monitoring timeline adherence across departments
- Establishing escalation paths for unresolved issues
Module 9. Applying IFRS 17 in Group and Consolidation Contexts
Ensure consistency and accuracy when consolidating IFRS 17 results across global entities.
12 chapters in this module
- Aligning measurement policies across jurisdictions
- Handling currency translation in CSM and liabilities
- Managing intercompany reinsurance arrangements
- Applying consolidation exemptions and thresholds
- Reporting segmental disclosures correctly
- Coordinating closing timelines across time zones
- Integrating local regulatory filings with group reporting
- Resolving differences in local interpretation
- Supporting internal audit across subsidiaries
- Documenting inter-entity transfer pricing for services
- Maintaining transferable reporting templates
- Ensuring group-wide compliance with internal standards
Module 10. Internal Review and Audit Readiness
Prepare for internal and external scrutiny with defensible, well-documented reporting.
12 chapters in this module
- Designing internal review checklists for IFRS 17
- Documenting rationale for key assumptions
- Organizing evidence packs for audit requests
- Responding to auditor inquiries efficiently
- Testing controls over IFRS 17 processes
- Conducting mock audits and dry runs
- Addressing findings from prior year reviews
- Securing sign-off from actuarial and finance leads
- Maintaining version-controlled workpapers
- Linking to broader financial control frameworks
- Preparing executive summaries for oversight teams
- Tracking open items and resolution timelines
Module 11. Sustaining Compliance Across Reporting Cycles
Establish repeatable processes that maintain quality through successive reporting periods.
12 chapters in this module
- Building standardized operating procedures for IFRS 17
- Creating reusable templates for disclosures and rollforwards
- Scheduling recurring validation checks
- Updating assumptions on defined cadences
- Managing personnel changes and knowledge transfer
- Archiving completed reports and supporting data
- Reviewing process efficiency post-close
- Incorporating feedback from auditors and regulators
- Benchmarking performance against internal KPIs
- Scaling processes for new products or markets
- Maintaining audit trails across years
- Evolving documentation as guidance matures
Module 12. Future-Proofing IFRS 17 Interpretation and Application
Stay ahead of emerging interpretations, amendments, and industry practices.
12 chapters in this module
- Monitoring IASB amendments and implementation updates
- Participating in industry working groups and forums
- Evaluating new guidance from regulators
- Sharing best practices with peer institutions
- Updating internal policies in response to new rulings
- Handling mixed model applications across portfolios
- Adapting to new reporting expectations
- Integrating ESG considerations into long-term assumptions
- Leveraging AI tools for assumption monitoring
- Training next-generation reporting teams
- Documenting institutional memory for continuity
- Positioning your team as a leader in technical accounting
How this maps to your situation
- Initial implementation of IFRS 17
- Ongoing quarterly and annual reporting
- Audit and regulatory review cycles
- Cross-functional coordination between actuarial and finance
Before vs. after
Before
Spending weeks reconciling actuarial models to financial statements, facing repeated review cycles and last-minute adjustments in IFRS 17 reporting.
After
Producing accurate, audit-ready IFRS 17 outputs on the first pass, with aligned assumptions and streamlined cross-functional workflows.
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 week over six weeks, designed for working professionals.
If nothing changes
Without structured workflows, teams remain vulnerable to recurring rework, audit findings, and missed deadlines, especially as regulatory scrutiny intensifies.
How this compares to the alternatives
Unlike generic IFRS 17 overviews, this course delivers structured, field-tested workflows used by leading financial institutions to achieve first-time accuracy in reporting.
Frequently asked
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Is this relevant if I’m not in insurance?
Yes, if your institution holds insurance contracts or reinsurance exposure under IFRS 17 scope, this course applies directly.
Can I access the templates without completing the course?
No, templates are integrated into course modules and released progressively as part of the learning journey.
$199 one-time. Approximately 90 minutes per week over six weeks, designed for working professionals..
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