Skip to main content
Image coming soon

FIN8618 Mastering IFRS 17 for Financial Services Managers

$199.00
Adding to cart… The item has been added

A tailored course, built for your situation

Mastering IFRS 17 for Financial Services Managers

Gain authoritative command of insurance accounting standards to lead complex reporting initiatives with confidence.

$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.
Struggling to align actuarial models with financial reporting under IFRS 17? Falling behind on disclosure requirements during audit cycles?

The situation this course is for

Many financial managers in insurance and asset-intensive firms face delays in closing quarterly reports due to misalignment between actuarial teams and finance functions. Ambiguity in IFRS 17 implementation, lack of standardized templates, and evolving regulator expectations create bottlenecks in audit readiness and erode leadership confidence.

Who this is for

Mid-to-senior level financial managers in insurance or diversified financial services firms who are accountable for IFRS 17 compliance, reporting accuracy, and audit coordination but lack a structured, authoritative framework to scale their impact.

Who this is not for

Entry-level accountants, auditors without decision-making authority, or professionals outside financial services or insurance-linked reporting.

What you walk away with

  • Own the full scoping and validation of IFRS 17 reporting cycles
  • Produce audit-ready disclosures with documented rationale and source alignment
  • Lead cross-team alignment between actuarial, finance, and external auditors
  • Build a reusable implementation playbook tailored to your firm's structure
  • Present with authority in executive reviews and regulator-facing discussions

The 12 modules (with all 144 chapters)

Module 1. Understanding IFRS 17: Core Principles and Business Impact
Lay the foundation by exploring the key drivers behind IFRS 17, its implications for financial reporting, and how it transforms traditional insurance accounting practices. This module introduces the three core methods , GPM, LAA, and VFA , and maps them to real-world scenarios in large financial institutions.
12 chapters in this module
  1. The evolution from IFRS 4 to IFRS 17 and why it matters
  2. Key objectives of IFRS 17 and alignment with regulatory expectations
  3. Overview of the general model and coverage set
  4. Differences between GPM, LAA, and VFA approaches
  5. Impact on income volatility and profit recognition timing
  6. How IFRS 17 changes liability measurement fundamentals
  7. Role of discount rates and risk adjustments in valuation
  8. Treatment of acquisition costs under the new standard
  9. Contract boundary definition and its financial impact
  10. Identifying onerous contracts and required disclosures
  11. Interplay between IFRS 17 and Solvency II reporting
  12. Common misconceptions that delay initial implementation
Module 2. Transition Methods and Comparative Reporting
Navigate the complexities of transitioning from previous accounting standards to IFRS 17, with focus on practical application of the three transition approaches. Learn how to structure comparative data and ensure audit continuity during the shift.
12 chapters in this module
  1. Full retrospective vs. modified approaches comparison
  2. Practical expedient options for large portfolios
  3. How to apply the fair value overlay method
  4. Setting opening IFRS 17 balances accurately
  5. Data requirements for transition year reporting
  6. Handling missing or incomplete historical policies
  7. Common pitfalls in transition model calibration
  8. Reconciling IFRS 4 and IFRS 17 profit metrics
  9. Documentation needed for external audit sign-off
  10. Regulator expectations on transition disclosures
  11. Timing considerations across reporting cycles
  12. Internal communication plan for transition impact
Module 3. Building the Contractual Service Margin
Dive deep into the mechanics of the Contractual Service Margin (CSM) and how it functions as a deferred profit account. Master the build-up, release, and adjustment logic to ensure transparent and defensible reporting.
12 chapters in this module
  1. Understanding CSM as an unearned profit reserve
  2. Calculating the initial CSM balance at transition
  3. How to amortize CSM over the coverage period
  4. Impact of time value of money on CSM release
  5. Adjusting CSM for experience gains and losses
  6. Incorporating risk adjustments into CSM modeling
  7. Treatment of acquisition costs in CSM build-up
  8. CSM impacts on quarterly earnings patterns
  9. Segmentation rules affecting CSM aggregation
  10. Disclosing CSM movements in financial statements
  11. Internal controls for CSM accuracy and auditability
  12. Common errors in CSM roll-forward schedules
Module 4. The Building Block Model for Liability Valuation
Develop a complete working knowledge of the building block model used to measure insurance contract liabilities under IFRS 17. Understand each component and how they integrate into accurate, audit-ready valuations.
12 chapters in this module
  1. Overview of the present value of future cash flows
  2. Estimating future claims and policy benefits
  3. Incorporating survival probabilities and lapse rates
  4. Setting appropriate discount rates and yield curves
  5. Modeling future investment income assumptions
  6. Risk adjustment methodologies and confidence levels
  7. Probability weighting of stochastic scenarios
  8. Treatment of reinsurance recoverables
  9. Time series alignment of cash flow projections
  10. Currency translation in multi-jurisdiction portfolios
  11. Sensitivity testing for actuarial assumptions
  12. Documentation required for actuarial validation
Module 5. Portfolio Level Accounting and Aggregation
Learn how to define and manage portfolios of insurance contracts under IFRS 17, including aggregation criteria, unit of account, and implications for financial reporting structure.
12 chapters in this module
  1. Identifying portfolios with similar characteristics
  2. Rules for aggregating disparate insurance lines
  3. Unit of account definition at group and subsidiary level
  4. Alignment with local regulatory reporting boundaries
  5. Impact of portfolio segmentation on profit recognition
  6. Managing mixed portfolios with different models
  7. Disclosure requirements by portfolio type
  8. Internal controls over portfolio classification
  9. Audit tracking of portfolio-level changes
  10. Treatment of foreign currency portfolios
  11. Portfolio transfers between reporting periods
  12. System considerations for portfolio maintenance
Module 6. Disclosures and Financial Statement Presentation
Master the required disclosures under IFRS 17, including narrative, quantitative, and reconciliation reporting. Ensure your financial statements meet both auditor and regulator expectations.
12 chapters in this module
  1. Minimum disclosure requirements under IFRS 7
  2. Presentation of CSM roll-forward schedules
  3. Breaking down profit by source: risk, financial, time
  4. Reconciling IFRS 17 results to internal KPIs
  5. Narrative explanations for material movements
  6. Segment reporting alignment with IFRS 17 outputs
  7. Regulator-specific footnote formats
  8. Interactive disclosure tools for board papers
  9. Automating disclosure templates in reporting systems
  10. Version control for disclosure drafts
  11. Peer benchmarking of disclosure depth
  12. Audit sign-off checklist for disclosure completeness
Module 7. Model Validation and Audit Readiness
Develop a robust framework for validating actuarial models used in IFRS 17 reporting, ensuring they meet internal audit and external auditor standards.
12 chapters in this module
  1. Designing a model validation working paper
  2. Segregation of duties in model development
  3. Back-testing models against actual results
  4. Reviewing actuarial assumption reasonableness
  5. Sensitivity analysis protocols for key inputs
  6. Documentation standards for external reviewers
  7. Internal audit checklist for model governance
  8. Coordinating with external actuarial firms
  9. Version control and change tracking for models
  10. Handling model updates during reporting periods
  11. Audit findings related to model deficiencies
  12. Lessons from public firm restatements
Module 8. System Integration and Data Management
Address the operational challenges of integrating IFRS 17 into existing financial and actuarial systems, with focus on data flow, control points, and report automation.
12 chapters in this module
  1. Mapping data sources to IFRS 17 inputs
  2. Identifying critical data quality thresholds
  3. ETL processes for actuarial and finance systems
  4. Reconciling source system to reporting outputs
  5. Designing control points in the data pipeline
  6. Role of data stewards in validation cycle
  7. System-of-record designation for audit purposes
  8. Handling corrections and reprocessing
  9. Change management for system updates
  10. Interface requirements between actuarial platforms
  11. Testing protocol for reporting cycle automation
  12. Internal controls over data lineage
Module 9. Cross-Functional Alignment and Governance
Build a governance framework that aligns actuarial, finance, tax, and compliance teams under IFRS 17. Establish clear ownership and escalation paths.
12 chapters in this module
  1. Establishing an IFRS 17 steering committee
  2. Defining RACI for key reporting processes
  3. Monthly close coordination with tax reporting
  4. Aligning with internal audit plans
  5. Conflict resolution for assumption disagreements
  6. Escalation paths for material variances
  7. Executive reporting cadence and content
  8. Documentation standards for committee minutes
  9. Third-party oversight requirements
  10. Training plans for supporting teams
  11. Succession planning for key roles
  12. Audit trail for governance decisions
Module 10. Regulator and External Auditor Engagement
Prepare for effective engagement with regulators and external auditors by understanding their expectations and common areas of focus during IFRS 17 reviews.
12 chapters in this module
  1. Typical audit procedures for IFRS 17 compliance
  2. Common findings in external audit reports
  3. Preparing for regulatory inspection cycles
  4. Responding to regulator inquiries on assumptions
  5. Evidence required for model validation
  6. Disclosure benchmarking against peers
  7. Handling materiality assessments
  8. Preparing for on-site reviews
  9. External auditor independence considerations
  10. Reporting format expectations
  11. Timeline for response to findings
  12. Lessons from regulatory enforcement actions
Module 11. Advanced Topics: Reinsurance and Modifications
Tackle complex areas including reinsurance accounting, contract modifications, and renewals under IFRS 17, ensuring accurate profit recognition and liability treatment.
12 chapters in this module
  1. Identifying onerous reinsurance contracts
  2. Accounting for reinsurance recoverables
  3. Treatment of ceded business in CSM build
  4. Modification accounting vs. derecognition
  5. Renewals and extensions under IFRS 17
  6. Expense recognition for modified contracts
  7. Impact on profit recognition timing
  8. Disclosure requirements for modified portfolios
  9. Actuarial considerations in renewal pricing
  10. IFRS 17 vs. local GAAP treatment of reinsurance
  11. Intercompany reinsurance implications
  12. Audit challenges in complex modifications
Module 12. Implementation Playbook and Ongoing Maintenance
Finalize your IFRS 17 implementation with a living playbook that ensures sustainability, adaptability, and resilience across reporting cycles and leadership changes.
12 chapters in this module
  1. Building a version-controlled implementation guide
  2. Updating assumptions in changing markets
  3. Change control for methodology updates
  4. Training new team members efficiently
  5. Year-over-year comparison challenges
  6. Handling system migrations and upgrades
  7. Benchmarking performance across quarters
  8. Integrating lessons from audit findings
  9. Internal review cycle for process improvement
  10. Succession planning for technical ownership
  11. Archiving audit-ready artefacts
  12. Scaling the model to new product lines

How this maps to your situation

  • Initial implementation phase
  • Ongoing reporting and audit cycle
  • Executive-level review preparation
  • Cross-functional coordination

Before vs. after

Before
Uncertain about how to structure IFRS 17 reporting, reliant on actuarial teams for basic outputs, and reactive during audit cycles.
After
Confidently own end-to-end IFRS 17 reporting, lead cross-functional alignment, and present with authority in executive and regulator discussions.

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 12 weeks at 60 minutes per week, designed to fit around core reporting cycles.

If nothing changes
Without structured mastery of IFRS 17, financial managers risk delays in reporting cycles, increased audit findings, strained cross-team relationships, and missed opportunities to expand their role into strategic decision-making.

How this compares to the alternatives

Unlike generic IFRS 17 overviews or dense technical papers, this course delivers actionable, role-specific frameworks with templates built for financial services managers , not academics or auditors.

Frequently asked

Who is this course designed for?
Financial managers in insurance and diversified financial firms who own or contribute to IFRS 17 reporting and want to lead with confidence.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Is this course updated for recent amendments?
Yes, all content reflects current interpretations and practical applications as of mid-the current cycle.
$199 one-time. Approximately 12 weeks at 60 minutes per week, designed to fit around core 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
!