Mastering IFRS for Insurance Contracts: A Comprehensive Guide to Risk Management and Compliance
Course Overview This comprehensive course is designed to provide participants with a thorough understanding of the International Financial Reporting Standards (IFRS) for insurance contracts, risk management, and compliance. Participants will gain hands-on experience and practical knowledge to navigate the complexities of IFRS and ensure compliance in their organizations.
Course Objectives - Understand the fundamental principles of IFRS for insurance contracts
- Learn how to apply IFRS standards to insurance contracts
- Gain knowledge of risk management and compliance requirements
- Develop skills to analyze and interpret financial statements
- Stay up-to-date with the latest developments and changes in IFRS
Course Outline Module 1: Introduction to IFRS for Insurance Contracts
- Overview of IFRS and its relevance to insurance contracts
- Key principles and concepts of IFRS 17
- Scope and applicability of IFRS 17
Module 2: Measurement of Insurance Contracts
- Fulfillment cash flows
- Contractual service margin
- Risk adjustment for non-financial risk
- Discounting and interest rates
Module 3: Recognition and Derecognition of Insurance Contracts
- Initial recognition of insurance contracts
- Subsequent measurement of insurance contracts
- Derecognition of insurance contracts
- Modification and extinguishment of insurance contracts
Module 4: Disclosure Requirements
- Objective and scope of disclosure requirements
- Qualitative and quantitative disclosures
- Disclosure of accounting policies and estimates
- Disclosure of risk and uncertainty
Module 5: Risk Management and Compliance
- Overview of risk management and compliance
- Identification and assessment of risks
- Risk mitigation and control
- Compliance with regulatory requirements
Module 6: Financial Statement Analysis and Interpretation
- Financial statement analysis techniques
- Interpretation of financial statements
- Ratio analysis and trend analysis
- Industry comparison and benchmarking
Module 7: Case Studies and Practical Applications
- Real-world examples and case studies
- Practical applications of IFRS 17
- Group discussions and presentations
Course Features - Interactive and engaging: The course is designed to be interactive and engaging, with quizzes, group discussions, and hands-on projects.
- Comprehensive and up-to-date: The course covers all aspects of IFRS for insurance contracts and is updated to reflect the latest developments and changes.
- Personalized learning: Participants can learn at their own pace and access course materials at any time.
- Expert instructors: The course is taught by experienced instructors with expertise in IFRS and insurance contracts.
- Certification: Participants receive a certificate upon completion of the course, issued by The Art of Service.
- Flexible learning: The course is available online and can be accessed from any device.
- User-friendly: The course platform is easy to use and navigate.
- Mobile-accessible: The course can be accessed on-the-go from any mobile device.
- Community-driven: Participants can connect with each other and with instructors through online forums and discussion groups.
- Actionable insights: The course provides practical and actionable insights that can be applied in real-world situations.
- Hands-on projects: Participants complete hands-on projects to apply their knowledge and skills.
- Bite-sized lessons: The course is divided into bite-sized lessons that can be completed in a short amount of time.
- Lifetime access: Participants have lifetime access to course materials and can review them at any time.
- Gamification: The course includes gamification elements to make learning fun and engaging.
- Progress tracking: Participants can track their progress and stay motivated.
Certificate of Completion Upon completion of the course, participants receive a certificate issued by The Art of Service. The certificate is a recognition of the participant's achievement and demonstrates their expertise in IFRS for insurance contracts.,
- Understand the fundamental principles of IFRS for insurance contracts
- Learn how to apply IFRS standards to insurance contracts
- Gain knowledge of risk management and compliance requirements
- Develop skills to analyze and interpret financial statements
- Stay up-to-date with the latest developments and changes in IFRS
Course Outline Module 1: Introduction to IFRS for Insurance Contracts
- Overview of IFRS and its relevance to insurance contracts
- Key principles and concepts of IFRS 17
- Scope and applicability of IFRS 17
Module 2: Measurement of Insurance Contracts
- Fulfillment cash flows
- Contractual service margin
- Risk adjustment for non-financial risk
- Discounting and interest rates
Module 3: Recognition and Derecognition of Insurance Contracts
- Initial recognition of insurance contracts
- Subsequent measurement of insurance contracts
- Derecognition of insurance contracts
- Modification and extinguishment of insurance contracts
Module 4: Disclosure Requirements
- Objective and scope of disclosure requirements
- Qualitative and quantitative disclosures
- Disclosure of accounting policies and estimates
- Disclosure of risk and uncertainty
Module 5: Risk Management and Compliance
- Overview of risk management and compliance
- Identification and assessment of risks
- Risk mitigation and control
- Compliance with regulatory requirements
Module 6: Financial Statement Analysis and Interpretation
- Financial statement analysis techniques
- Interpretation of financial statements
- Ratio analysis and trend analysis
- Industry comparison and benchmarking
Module 7: Case Studies and Practical Applications
- Real-world examples and case studies
- Practical applications of IFRS 17
- Group discussions and presentations
Course Features - Interactive and engaging: The course is designed to be interactive and engaging, with quizzes, group discussions, and hands-on projects.
- Comprehensive and up-to-date: The course covers all aspects of IFRS for insurance contracts and is updated to reflect the latest developments and changes.
- Personalized learning: Participants can learn at their own pace and access course materials at any time.
- Expert instructors: The course is taught by experienced instructors with expertise in IFRS and insurance contracts.
- Certification: Participants receive a certificate upon completion of the course, issued by The Art of Service.
- Flexible learning: The course is available online and can be accessed from any device.
- User-friendly: The course platform is easy to use and navigate.
- Mobile-accessible: The course can be accessed on-the-go from any mobile device.
- Community-driven: Participants can connect with each other and with instructors through online forums and discussion groups.
- Actionable insights: The course provides practical and actionable insights that can be applied in real-world situations.
- Hands-on projects: Participants complete hands-on projects to apply their knowledge and skills.
- Bite-sized lessons: The course is divided into bite-sized lessons that can be completed in a short amount of time.
- Lifetime access: Participants have lifetime access to course materials and can review them at any time.
- Gamification: The course includes gamification elements to make learning fun and engaging.
- Progress tracking: Participants can track their progress and stay motivated.
Certificate of Completion Upon completion of the course, participants receive a certificate issued by The Art of Service. The certificate is a recognition of the participant's achievement and demonstrates their expertise in IFRS for insurance contracts.,
- Interactive and engaging: The course is designed to be interactive and engaging, with quizzes, group discussions, and hands-on projects.
- Comprehensive and up-to-date: The course covers all aspects of IFRS for insurance contracts and is updated to reflect the latest developments and changes.
- Personalized learning: Participants can learn at their own pace and access course materials at any time.
- Expert instructors: The course is taught by experienced instructors with expertise in IFRS and insurance contracts.
- Certification: Participants receive a certificate upon completion of the course, issued by The Art of Service.
- Flexible learning: The course is available online and can be accessed from any device.
- User-friendly: The course platform is easy to use and navigate.
- Mobile-accessible: The course can be accessed on-the-go from any mobile device.
- Community-driven: Participants can connect with each other and with instructors through online forums and discussion groups.
- Actionable insights: The course provides practical and actionable insights that can be applied in real-world situations.
- Hands-on projects: Participants complete hands-on projects to apply their knowledge and skills.
- Bite-sized lessons: The course is divided into bite-sized lessons that can be completed in a short amount of time.
- Lifetime access: Participants have lifetime access to course materials and can review them at any time.
- Gamification: The course includes gamification elements to make learning fun and engaging.
- Progress tracking: Participants can track their progress and stay motivated.