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Mastering IFRS 17; Comprehensive Risk Management for Insurance Contracts

Mastering IFRS 17; Comprehensive Risk Management for Insurance Contracts

$199.00
When you get access:
Course access is prepared after purchase and delivered via email
How you learn:
Self-paced • Lifetime updates
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Toolkit Included:
Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
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What does the IFRS 17 course cover?

IFRS 17 is covered here in 10 modules: Introduction to IFRS 17: Scope and applicability of IFRS 17, Insurance Contracts and Risk Management: Risk management principles and strategies, Measurement of Insurance Contracts: Discounting and interest rates and 7 more. The outline lists 39 specific topics, opening with Overview of IFRS 17 and its objectives and closing with certificate issuance and course completion.

How do you approach IFRS 17 step by step?

The work is sequenced in 10 stages. It starts with Introduction to IFRS 17: Scope and applicability of IFRS 17, moves through Insurance Contracts and Risk Management: Risk management principles and strategies and Measurement of Insurance Contracts: Discounting and interest rates, and ends at Conclusion and Final Assessment: Summary of key takeaways, Final assessment and evaluation.

What is in Module 1 of the IFRS 17 course?

Module 1 is Introduction to IFRS 17: Scope and applicability of IFRS 17. It works through Overview of IFRS 17 and its objectives, key principles and requirements of IFRS 17, Scope and applicability of IFRS 17 and 1 more. It sets the vocabulary the remaining 9 modules build on.

How is the IFRS 17 course delivered?

The IFRS 17 course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.

How much does the IFRS 17 course cost?

The IFRS 17 course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.

Closely related courses: IFRS for Insurance Contracts Toolkit, IFRS 17 Implementation for Insurance Contracts, IFRS 17 Insurance Contracts Implementation Checklist, IFRS 17 for Insurance Contracts The Complete.

More answers: what you get with every course, refund policy, all help answers.

Mastering IFRS 17: Comprehensive Risk Management for Insurance Contracts



Course Overview

This comprehensive course is designed to equip participants with a deep understanding of IFRS 17, the latest standard for insurance contracts. Participants will learn how to apply the standard's principles and requirements to manage risk effectively in insurance contracts. Upon completion of the course, participants will receive a certificate issued by The Art of Service.



Course Features

  • Interactive and engaging learning experience
  • Comprehensive and up-to-date content
  • Personalized learning approach
  • Practical and real-world applications
  • High-quality content developed by expert instructors
  • Certificate issued by The Art of Service upon completion
  • Flexible learning schedule
  • User-friendly and mobile-accessible platform
  • Community-driven learning environment
  • Actionable insights and hands-on projects
  • Bite-sized lessons for easy learning
  • Lifetime access to course materials
  • Gamification and progress tracking features


Course Outline

Module 1. Introduction to IFRS 17: Scope and applicability of IFRS 17

  • Overview of IFRS 17 and its objectives
  • Key principles and requirements of IFRS 17
  • Scope and applicability of IFRS 17
  • Comparison with previous standards (IFRS 4)

Module 2. Insurance Contracts and Risk Management: Risk management principles and strategies

  • Definition and types of insurance contracts
  • Risk management principles and strategies
  • Assessment of insurance risk and liability
  • Measurement and reporting of insurance contracts

Module 3. Measurement of Insurance Contracts: Discounting and interest rates

  • Fulfillment cash flows and contractual service margin
  • Measurement of insurance contracts using the building block approach
  • Discounting and interest rates
  • Risk adjustment and uncertainty

Module 4. Premium Allocation Approach (PAA): Eligibility and application of the PAA

  • Overview of the premium allocation approach
  • Eligibility and application of the PAA
  • Measurement of insurance contracts using the PAA
  • Comparison with the building block approach

Module 5. Reinsurance and Insurance Contracts: Accounting for reinsurance contracts

  • Definition and types of reinsurance contracts
  • Accounting for reinsurance contracts
  • Measurement and reporting of reinsurance contracts
  • Interaction with insurance contracts

Module 6. Disclosure and Presentation: Best practices for

  • Disclosure requirements for insurance contracts
  • Presentation of insurance contracts in financial statements
  • Analysis and interpretation of insurance contract disclosures
  • Best practices for disclosure and presentation

Module 7. Implementation and Transition: First-time adoption of IFRS 17

  • Implementation challenges and strategies
  • Transition from previous standards (IFRS 4)
  • First-time adoption of IFRS 17
  • Disclosure requirements for transition

Module 8. Industry-Specific Considerations: Life insurance and IFRS 17, Health insurance and IFRS 17

  • Life insurance and IFRS 17
  • Property and casualty insurance and IFRS 17
  • Health insurance and IFRS 17
  • Other industry-specific considerations

Module 9. Case Studies and Practical Applications: Group discussions and exercises

  • Real-world examples of IFRS 17 implementation
  • Case studies of insurance contracts and risk management
  • Practical applications of IFRS 17 principles and requirements
  • Group discussions and exercises

Module 10. Conclusion and Final Assessment: Summary of key takeaways, Final assessment and evaluation

  • Summary of key takeaways
  • Final assessment and evaluation
  • Certificate issuance and course completion


Certificate

Upon completion of the course, participants will receive a certificate issued by The Art of Service, demonstrating their mastery of IFRS 17 and comprehensive risk management for insurance contracts.

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