A tailored course, built for your situation
Mastering IFRS 17 for Senior Financial Officers
A complete implementation framework for accurate, auditable, and defensible financial reporting under IFRS 17
$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.
Never again deliver IFRS 17 reports that get sent back for clarification or structural rework
The situation this course is for
Even senior teams face cycles of revision when translating actuarial models into IFRS 17 disclosures. Ambiguity in policyholder grouping, mismatched discounting assumptions, or inconsistent presentation can trigger rework, delay sign-off, and dilute credibility.
Who this is for
Senior financial officer in a large insurance or asset management firm, responsible for IFRS 17 implementation, financial reporting accuracy, and audit readiness
Who this is not for
Entry-level accountants, auditors not involved in IFRS 17 scoping, or practitioners outside financial services
What you walk away with
- Produce IFRS 17 disclosures that are accurate, consistent, and audit-ready on first submission
- Apply a structured template framework for liability valuation and presentation
- Align actuarial inputs with financial reporting outputs without manual reconciliation
- Reduce review cycles by embedding defensibility into initial drafts
- Demonstrate technical command during cross-functional reviews with regulators and auditors
The 12 modules (with all 144 chapters)
Module 1. IFRS 17 Foundations and Scope
Establish a working knowledge of IFRS 17’s core principles, including scope, insurance contract definition, and coverage period determination.
12 chapters in this module
- Defining an insurance contract
- Identifying coverage versus investment components
- Determining the coverage period
- Initial recognition triggers
- Contract boundary considerations
- Modifications and cancellations
- Reinsurance alignment basics
- Distinction from IFRS 4
- Transition approaches overview
- Portfolio aggregation rules
- Accounting policy elections
- Disclosure objective mapping
Module 2. General Model Application
Master the full fair value approach under the General Model, including fulfillment cash flows, risk adjustment, and discounting.
12 chapters in this module
- Fulfillment cash flow components
- Estimating expected claims
- Adjusting for non-financial risk
- Weighted average cost of capital method
- Time value of money inputs
- Discount rate curve selection
- Currency alignment rules
- Present value calculation steps
- Changes in fulfillment cash flows
- Loss recognition timing
- Profit emergence patterns
- Sensitivity disclosure logic
Module 3. Variable Fee Approach
Implement the Variable Fee Approach for contracts with direct participation features, including fee linkage and investment returns.
12 chapters in this module
- Identifying direct participation contracts
- Defining the underlying items
- Fee variability thresholds
- Accounting for investment returns
- Separating fees from investment risk
- Changes in fees over time
- Disclosure of participation features
- Risk adjustment treatment
- Interaction with CSM
- Linkage to performance metrics
- Contractual service margin updates
- Amortization patterns
Module 4. Premium Allocation Approach
Apply the PAA for qualifying short-duration contracts, including allocation periods and expense recognition.
12 chapters in this module
- Eligibility for PAA
- Defining the premium allocation period
- Expense recognition timeline
- Claims recognition pattern
- Unearned profit release
- Acquisition cost deferral
- Renewal probability factors
- Adjustments for experience changes
- Interaction with reinsurance
- Disclosure minimums
- Transition to full model
- Policy-level vs portfolio-level
Module 5. Contract Boundaries and Grouping
Define contract boundaries accurately and group contracts appropriately to meet IFRS 17 requirements.
12 chapters in this module
- Identifying contract inception
- Changes in contractual terms
- Renewals with material changes
- Cancellation rights impact
- Portfolio segmentation logic
- Homogeneity criteria
- Geographic alignment
- Product type grouping
- Customer behavior assumptions
- Reinsurance contract grouping
- DSI boundary rules
- Model boundary documentation
Module 6. Fulfillment Cash Flows Estimation
Build robust estimates of fulfillment cash flows using actuarial methods and financial assumptions.
12 chapters in this module
- Claims development patterns
- Lapse rate assumptions
- Mortality and morbidity inputs
- Expense inflation factors
- Settlement delay expectations
- Emergence of adverse selection
- Sensitivity testing design
- Judgment documentation
- External data integration
- Peer benchmarking
- Data validation techniques
- Actuarial sign-off requirements
Module 7. Contract Service Margin and PAA Tracking
Track profit over time via the Contract Service Margin and Premium Allocation Approach mechanics.
12 chapters in this module
- CSM initial recognition
- CSM amortization rules
- Release patterns by product
- Experience adjustments
- Risk adjustment changes
- Interest accretion logic
- CSM recovery conditions
- Loss recognition impact
- CSM reallocation triggers
- PAA vs CSM comparison
- Quarterly CSM reporting
- CSM disclosure templates
Module 8. Reinsurance Accounting Under IFRS 17
Apply IFRS 17 to reinsurance contracts held and reported, ensuring consistency with direct contracts.
12 chapters in this module
- Defining reinsurance contracts held
- Reinsurance accounting election
- Proportionate vs full fair value
- Reinsurance recovery estimates
- Ceded CSM mechanics
- Changes in recovery amounts
- Reinsurance premium allocation
- Reinsurance profit recognition
- Reinsurance risk adjustment
- Disclosures for reinsurance
- Intercompany reinsurance
- Reinstatement clauses
Module 9. Transition Methods and Practical Expedients
Implement transition options including fully retrospective, modified, and practical expedients.
12 chapters in this module
- Transition date selection
- Fully retrospective approach
- Modified retrospective method
- Practical expedient eligibility
- Portfolio-level adjustments
- Geographic transition timing
- Interim reporting impact
- Change in accounting policy
- Disclosure of transition method
- Actuarial model updates
- Data availability constraints
- Sign-off on transition output
Module 10. Disclosure Requirements and Narrative Design
Design disclosures that meet IFRS 17’s transparency goals while remaining practical and defensible.
12 chapters in this module
- Disclosure objectives overview
- Nature of contracts disclosed
- Accounting policies summary
- Reconciliation of CSM
- Risk exposure summaries
- Sensitivity analysis structure
- Narrative for non-experts
- Actuarial assumption transparency
- Reinsurance recovery disclosures
- Comparative period logic
- Audit readiness checklist
- Regulator-facing templates
Module 11. Internal Controls and Audit Readiness
Build internal controls that support accurate IFRS 17 reporting and withstand external audit scrutiny.
12 chapters in this module
- SOX control integration
- Control environment design
- Data governance for actuarial inputs
- Review sign-off workflows
- Audit trail preservation
- Change management for models
- Segregation of duties
- External auditor expectations
- Documentation standards
- Period-over-period consistency
- Error correction protocols
- Internal audit alignment
Module 12. Cross-Functional Leadership and Communication
Lead IFRS 17 initiatives across finance, actuarial, IT, and risk teams with clarity and authority.
12 chapters in this module
- Stakeholder communication plan
- Executive summary design
- Actuarial-finance alignment
- IT system requirements
- Data pipeline governance
- Project governance model
- Escalation pathways
- Vendor implementation oversight
- Training material development
- Change management strategy
- Regulatory update tracking
- Long-term sustainability
How this maps to your situation
- Implementing IFRS 17 for the first time
- Improving accuracy of existing disclosures
- Reducing audit rework cycles
- Leading cross-functional reporting teams
Before vs. after
Before
Manual reconciliation between actuarial outputs and financial statements, inconsistent disclosures, repeated review cycles
After
Streamlined, accurate IFRS 17 reporting with defensible logic, reduced need for rework, and stronger cross-functional alignment
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 3 hours per module, designed for steady progress alongside active reporting cycles.
If nothing changes
Continuing with inconsistent or opaque IFRS 17 reporting increases the risk of audit qualifications, delayed sign-off, and reputational exposure during regulatory review.
How this compares to the alternatives
Unlike generic IFRS 17 overviews or slide decks, this course delivers actionable workflows, real-world templates, and audit-defensible logic tailored to senior practitioners in complex financial environments.
Frequently asked
Who is this course designed for?
Senior financial officers, reporting leads, and risk executives responsible for IFRS 17 implementation in insurance or asset management firms.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Is there a money-back guarantee?
Yes, 30-day money-back guarantee if the course does not meet your expectations.
$199 one-time. Approximately 3 hours per module, designed for steady progress alongside active reporting cycles..
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