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FIN2420 Mastering IFRS 17 for Insurance Finance Practitioners

$199.00
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A tailored course, built for your situation

Mastering IFRS 17 for Insurance Finance Practitioners

A complete implementation roadmap with source-backed rationale for every design decision

$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.
Model documentation that requires last-minute revisions under audit cycles

The situation this course is for

Even technically sound IFRS 17 models face rework when the supporting rationale lacks defensible depth. Teams spend cycles rebuilding narratives instead of advancing implementation.

Who this is for

Insurance finance practitioners implementing IFRS 17 at global financial institutions, responsible for model documentation, audit readiness, and cross-functional alignment

Who this is not for

Executives seeking board-level summaries, consultants offering generic frameworks, or teams still evaluating IFRS 17 readiness

What you walk away with

  • Trace every assumption in your IFRS 17 model to a documented source or regulatory precedent
  • Respond to technical challenges with specific examples from peer implementations
  • Build audit packages that withstand senior review without rework
  • Structure model documentation to preempt common reviewer pushback
  • Advance from implementation contributor to recognized subject matter owner

The 12 modules (with all 144 chapters)

Module 1. IFRS 17 Foundations and Scope Boundaries
Establish a clear baseline for IFRS 17 applicability, contract grouping logic, and scope decisions aligned with regulator expectations.
12 chapters in this module
  1. Defining insurance contracts under IFRS 17 vs legacy GAAP
  2. Identifying embedded derivatives requiring separation
  3. Applying the portfolio approach without triggering aggregation errors
  4. Setting boundaries for contract modification treatment
  5. Distinguishing between onerous and profitable contracts
  6. Mapping policyholder behavior assumptions to contract groups
  7. Documenting scope decisions for audit trail completeness
  8. Avoiding common classification mistakes in hybrid contracts
  9. Applying the premium allocation approach selectively
  10. Using regulator-accepted templates for contract grouping
  11. Integrating reinsurance contracts into scope definition
  12. Building a living scope register for ongoing updates
Module 2. Building the Lapse Rate Framework
Design lapse rate assumptions with defensible sources and back-testable methodology.
12 chapters in this module
  1. Sourcing historical lapse data by policy cohort
  2. Adjusting for macroeconomic influences on lapse behavior
  3. Applying credibility theory to stabilize small data sets
  4. Integrating behavioral economics into lapse modeling
  5. Back-testing lapse assumptions against actual experience
  6. Documenting rationale for management overlay adjustments
  7. Calibrating lapse elasticity to interest rate changes
  8. Using peer benchmarks to justify conservative assumptions
  9. Modeling pandemic-era disruption impacts on lapses
  10. Linking lapse assumptions to dynamic surrender charges
  11. Stress-testing lapse assumptions under extreme scenarios
  12. Creating audit-ready narratives for lapse rate decisions
Module 3. Discount Rate Curve Construction
Construct risk-adjusted discount rate curves with transparent sourcing and regulator-aligned adjustments.
12 chapters in this module
  1. Selecting base yield curves appropriate for jurisdiction
  2. Adjusting for liquidity premium in illiquid markets
  3. Incorporating credit spread adjustments for non-sovereign bonds
  4. Applying the top-down method for illiquid portfolios
  5. Validating curve construction with market-observed spreads
  6. Documenting the rationale for curve selection
  7. Back-testing discount rate impacts on liability valuation
  8. Using regulator-accepted sources for risk margins
  9. Mapping currency mismatch adjustments to hedging strategy
  10. Aligning curve roll-forward methodology with audit cycles
  11. Stress-testing discount rates under parallel shifts
  12. Building reusable templates for quarterly updates
Module 4. Risk Adjustment Methodology
Implement a risk adjustment approach that is both mathematically sound and defensible to auditors.
12 chapters in this module
  1. Choosing between confidence level and cost-of-capital methods
  2. Setting confidence levels based on portfolio volatility
  3. Calculating risk margins using regulator-prescribed formulas
  4. Back-testing risk adjustment outcomes against actuals
  5. Applying diversification benefits with documented rationale
  6. Integrating risk adjustment into cash flow projections
  7. Using market-consistent data where available
  8. Documenting management overlay decisions transparently
  9. Adjusting for materiality thresholds in small portfolios
  10. Aligning risk margin frequency with reporting cycles
  11. Stress-testing risk adjustment under extreme loss scenarios
  12. Creating audit trails for every assumption change
Module 5. Contract Boundary and Modification Logic
Define clear rules for contract boundary setting and modification treatment.
12 chapters in this module
  1. Identifying material service promises in contract terms
  2. Allocating premiums across services using relative value
  3. Applying the measurement model to modified contracts
  4. Assessing whether changes trigger remeasurement
  5. Using regulator-accepted templates for modification analysis
  6. Documenting contract boundary decisions systematically
  7. Back-testing allocation logic against actual claims
  8. Integrating optional benefits into service margin
  9. Handling multi-option riders in boundary setting
  10. Aligning modification treatment with hedging impacts
  11. Stress-testing boundary logic under policyholder choices
  12. Building reusable decision trees for common scenarios
Module 6. Service Margin Mechanics
Calculate and release service margin with transparent logic and audit-ready documentation.
12 chapters in this module
  1. Initial recognition of service margin at contract inception
  2. Allocating unearned profit across coverage periods
  3. Releasing service margin using coverage units
  4. Adjusting for experience gains and losses
  5. Documenting management overlay in margin release
  6. Back-testing service margin against actual profitability
  7. Integrating service margin with lapse and mortality
  8. Using regulator-accepted templates for margin analysis
  9. Aligning release patterns with expected claims timing
  10. Stress-testing service margin under adverse scenarios
  11. Building reusable calculation engines for efficiency
  12. Creating audit trails for every margin adjustment
Module 7. Variable Fee Approach Implementation
Apply the variable fee approach correctly to participating contracts.
12 chapters in this module
  1. Identifying contracts eligible for variable fee treatment
  2. Defining the underlying items driving fee variability
  3. Measuring fee variability using historical experience
  4. Applying the variable fee approach to unit-linked policies
  5. Documenting fee-setting mechanisms transparently
  6. Back-testing fee assumptions against actuals
  7. Integrating fee adjustments into liability calculations
  8. Using regulator-accepted templates for fee analysis
  9. Aligning fee recognition with distribution timing
  10. Stress-testing fee assumptions under market shifts
  11. Building reusable models for fee projection
  12. Creating audit-ready narratives for fee decisions
Module 8. Reinsurance Accounting Under IFRS 17
Apply IFRS 17 rules to reinsurance contracts held and issued.
12 chapters in this module
  1. Distinguishing between reinsurance and financial guarantees
  2. Applying the same measurement model to reinsurance
  3. Allocating premiums and liabilities to reinsurance layers
  4. Measuring reinsurance recoverables at fair value
  5. Documenting ceded contract terms systematically
  6. Back-testing recoverables against actual claims
  7. Integrating reinsurer credit risk into valuation
  8. Using regulator-accepted templates for ceded analysis
  9. Aligning reporting timing with reinsurer data
  10. Stress-testing recoverables under reinsurer default
  11. Building reusable models for reinsurance impact
  12. Creating audit trails for reinsurance decisions
Module 9. Data Requirements and System Mapping
Map IFRS 17 data needs to source systems with traceable lineage.
12 chapters in this module
  1. Identifying data points required for liability calculation
  2. Mapping policy administration system fields to IFRS 17
  3. Validating data completeness and accuracy at source
  4. Building reconciliation logic between systems
  5. Documenting data transformation rules transparently
  6. Back-testing data outputs against actuarial inputs
  7. Integrating new data sources into existing pipelines
  8. Using regulator-accepted templates for data mapping
  9. Aligning data refresh cycles with reporting deadlines
  10. Stress-testing data quality under system outages
  11. Building reusable data validation scripts
  12. Creating audit trails for data lineage
Module 10. Disclosure Narrative Development
Build disclosures with clear rationale and regulator-tested language.
12 chapters in this module
  1. Structuring the notes to financial statements
  2. Explaining key assumptions in plain language
  3. Linking disclosures to underlying model outputs
  4. Using regulator-accepted templates for narrative
  5. Aligning disclosure timing with audit cycles
  6. Stress-testing disclosures under scrutiny
  7. Building reusable disclosure engines
  8. Creating audit-ready narratives for all assumptions
  9. Integrating peer examples into disclosure justification
  10. Documenting rationale for every narrative choice
  11. Back-testing disclosure clarity with reviewers
  12. Finalizing disclosures for external publication
Module 11. Audit Preparation and Review Response
Prepare for audit review with pre-validated responses and sourced precedents.
12 chapters in this module
  1. Anticipating common auditor questions on assumptions
  2. Gathering source documentation for every input
  3. Organizing evidence by assertion type
  4. Using regulator-accepted templates for response
  5. Aligning review timing with audit cycles
  6. Stress-testing responses under follow-up
  7. Building reusable response libraries
  8. Creating audit trails for all submissions
  9. Integrating peer examples into justification
  10. Documenting rationale for every change
  11. Back-testing responses with internal reviewers
  12. Finalizing submissions for external audit
Module 12. Ongoing Maintenance and Update Cycles
Establish a repeatable process for quarterly and annual updates.
12 chapters in this module
  1. Scheduling data refreshes and model runs
  2. Validating updates against prior periods
  3. Documenting rationale for assumption changes
  4. Using regulator-accepted templates for updates
  5. Aligning update timing with reporting deadlines
  6. Stress-testing updates under market shifts
  7. Building reusable update scripts
  8. Creating audit trails for every version
  9. Integrating peer benchmarks into updates
  10. Documenting rationale for every adjustment
  11. Back-testing updates against actuals
  12. Finalizing updates for external reporting

How this maps to your situation

  • IFRS 17 implementation phase
  • Audit preparation cycle
  • Model documentation refinement
  • Cross-functional alignment on assumptions

Before vs. after

Before
Spending cycles defending model choices without sourced backing
After
Walking through the why of every assumption with regulator-tested logic

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 six weeks, designed for working practitioners

If nothing changes
Without defensible documentation, even accurate models face rework during audit cycles, delaying final sign-off and increasing team bandwidth consumption.

How this compares to the alternatives

Unlike generic IFRS 17 overviews, this course delivers line-by-line rationale for every modeling decision, with sourced examples and regulator-tested language.

Frequently asked

How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Does the course include templates?
Yes, every module includes downloadable templates and worked examples.
Is this focused on technical depth or executive summary?
Technical depth for practitioners who own model documentation and audit readiness.
$199 one-time. 90 minutes per week over six weeks, designed for working practitioners.

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
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