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Mastering IFRS 17 for Insurance Contracts Implementation and Compliance Checklist

Mastering IFRS 17 for Insurance Contracts Implementation and Compliance Checklist

$199.00
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What does the IFRS 17 for Insurance Contracts Implementation and Compliance course cover?

IFRS 17 for Insurance Contracts Implementation and Compliance is covered here in 12 modules: Introduction to IFRS 17: Scope and definitions, Key principles and concepts, Scope and Definitions: Examples and case studies, Definition of an insurance contract, Recognition and Measurement: Risk adjustment and its calculation and 9 more.

How do you approach IFRS 17 for Insurance Contracts Implementation and Compliance step by step?

The work is sequenced in 12 stages. It starts with Introduction to IFRS 17: Scope and definitions, Key principles and concepts, moves through Scope and Definitions: Examples and case studies, Definition of an insurance contract and Recognition and Measurement: Risk adjustment and its calculation, and ends at Implementation Roadmap and Compliance Checklist: Key milestones and timelines.

What is in Module 1 of the IFRS 17 for Insurance Contracts Implementation and Compliance course?

Module 1 is Introduction to IFRS 17: Scope and definitions, Key principles and concepts. It works through Overview of IFRS 17 and its objectives, History and background of IFRS 17, key principles and concepts and 1 more. It sets the vocabulary the remaining 11 modules build on.

How is the IFRS 17 for Insurance Contracts Implementation and Compliance course delivered?

The IFRS 17 for Insurance Contracts Implementation and Compliance 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 for Insurance Contracts Implementation and Compliance course cost?

The IFRS 17 for Insurance Contracts Implementation and Compliance 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.

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

Mastering IFRS 17 for Insurance Contracts Implementation and Compliance Checklist

This comprehensive course is designed to equip insurance professionals with the knowledge and skills necessary to implement IFRS 17 for insurance contracts and ensure compliance with the new standard.



Course Overview

The course is divided into 12 modules, covering a wide range of topics related to IFRS 17, including the scope and definitions, recognition and measurement, disclosure requirements, and implementation considerations.



Course Outline

Module 1. Introduction to IFRS 17: Scope and definitions, Key principles and concepts

  • Overview of IFRS 17 and its objectives
  • History and background of IFRS 17
  • Key principles and concepts
  • Scope and definitions

Module 2. Scope and Definitions: Examples and case studies, Definition of an insurance contract

  • Insurance contracts and their characteristics
  • Definition of an insurance contract
  • Separating components of an insurance contract
  • Examples and case studies

Module 3. Recognition and Measurement: Risk adjustment and its calculation

  • Initial recognition and measurement
  • Subsequent measurement and changes in estimates
  • Contractual service margin (CSM) and its amortization
  • Risk adjustment and its calculation

Module 4. Disclosure Requirements: Disclosure objectives and principles

  • Disclosure objectives and principles
  • Information about insurance contracts
  • Significant judgments and assumptions
  • Examples of disclosure requirements

Module 5. Transition to IFRS 17: Fair value approach, Transition methods and options

  • Transition methods and options
  • Retrospective application and its limitations
  • Modified retrospective approach
  • Fair value approach

Module 6. Implementation Considerations: Governance and controls, System and process changes

  • System and process changes
  • Data requirements and data management
  • Model changes and validation
  • Governance and controls

Module 7. Insurance Contract Boundary: Examples and case studies, Determining the contract boundary

  • Determining the contract boundary
  • Cash flows within the contract boundary
  • Examples and case studies

Module 8. Risk Adjustment: Examples and case studies, techniques and methodologies

  • Risk adjustment techniques and methodologies
  • Confidence level and calibration
  • Examples and case studies

Module 9. Contractual Service Margin (CSM): Examples and case studies, Changes in CSM and their impact

  • CSM calculation and amortization
  • Changes in CSM and their impact
  • Examples and case studies

Module 10. Reinsurance Contracts: Disclosure requirements for, Recognition and measurement of

  • Reinsurance contracts and their characteristics
  • Recognition and measurement of reinsurance contracts
  • Disclosure requirements for reinsurance contracts

Module 11. Investment Contracts with Discretionary Participation Features: Examples and case studies

  • Characteristics and recognition of investment contracts with DPF
  • Measurement and disclosure requirements
  • Examples and case studies

Module 12. Implementation Roadmap and Compliance Checklist: Key milestones and timelines

  • Creating an implementation roadmap
  • Key milestones and timelines
  • Compliance checklist and best practices


Course Features

This course is designed to be interactive, engaging, and comprehensive, with a focus on practical, real-world applications.

  • Interactive: Engaging video lessons, quizzes, and assessments
  • Personalized: Learning paths tailored to individual needs and goals
  • Up-to-date: Content updated regularly to reflect changes in IFRS 17
  • Practical: Real-world examples and case studies
  • High-quality content: Developed by expert instructors with extensive experience in IFRS 17
  • Certification: Certificate upon completion issued by The Art of Service
  • Flexible learning: Learn at your own pace, anytime, anywhere
  • User-friendly: Intuitive platform with mobile accessibility
  • Community-driven: Discussion forums and community support
  • Actionable insights: Practical takeaways and implementation guidance
  • Hands-on projects: Apply learning to real-world scenarios
  • Bite-sized lessons: Short, focused lessons for easy learning
  • Lifetime access: Access course materials for a lifetime
  • Gamification: Engaging gamification elements to enhance learning
  • Progress tracking: Track your progress and stay motivated


Upon Completion

Upon completing this course, participants will receive a Certificate of Completion issued by The Art of Service, demonstrating their expertise in IFRS 17 and their ability to implement the standard in their organization.

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