Menu

Schedule of IFRS 17 - Advanced Topics - Complete program (16 CPD)

IFRS 17 - Advanced Topics - Complete program (16 CPD)

Schedule of IFRS 17 : Advanced Topics

Day 1, Wednesday 13 October
16:00 - 18:00 IFRS 9 - Transition to IFRS 17
Day 2, Wednesday 20 October
16:00 - 18:00 CSM - Coverage units - Loss components
Day 3, Wednesday 27 October
16:00 - 18:00 Cash Flows: attributability of the expenses
Day 4, Wednesday 10 November
16:00 - 18:00 IFRS 17 for Non-Life Insurers - PAA vs BBA
Day 5, Wednesday 24 November
16:00 - 18:00 The modified BBA to measure with profit products in the Belgian market
Day 6, Wednesday 1 December
16:00 - 18:00 Options review
Day 7, Wednesday 8 December
16:00 - 18:00 Management reporting covering IFRS 17
Day 8, Wednesday 15 December
16:00 - 18:00 Solvency II versus IFRS 17
  1. From 16:00 to 18:00

    IFRS 9 - Transition to IFRS 17

    Part I (16h00 - 17h00) : IFRS 9 : Accounting standard for financial instruments

    • Overview & Scope
    • Classification and measurement
    • SPPI test and Underlying Business model
    • Expected Credit Loss model
    • Disclosures
    • Expected impact

    by Laurent Serez & Daniel Vossensteyn

    Part II (17h00 - 18h00) (Transition to IFRS 17)

    • Introduction
    • Overview of requirements
    • Fully retrospective approach
    • Modified retrospective approach
    • Fair value approach
    • Disclosures

    by Laurent Serez

  2. From 16:00 to 18:00

    CSM - Coverage units - Loss components

    1. Short reminder

    • group of insurance contracts (level of aggregation of insurance contracts)
    • initial recognition of insurance contracts
    • measurement approaches
    • discount rates
    • risk adjustment
    • liability for the remaining coverage (LRC) and liability for incurred claims (LIC) within a group liability

    2. Contractual Service Margin (CSM)

    3. Coverage Units and impacts on the evolution of CSM

    4. Simplified examle on CSM and Coverage Units

    5. Onerous contracts and Loss Component (LC)

    6. Some examples to illustrate the LC concept

    7. The particular case of reinsurance contracts held

    by Philippe De Longueville & Damien Kreit

  3. From 16:00 to 18:00

    Cash Flows: attributability of the expenses

    • Types of assumptions used in cash flow projections
    • Several expense items
    • Ambiguity around expenses
    • Allocation of expenses
    • Expected versus actual expenses

    by Servaas Houben

  4. From 16:00 to 18:00

    IFRS 17 for Non-Life Insurers - PAA vs BBA

    • IFRS 17 Recap Slides
    • LRC measured applying PAA: Overview
      • Introduction
        • Measurement Models
        • PAA Eligibility Criteria - Scope
        • Level of Aggregation: Contract Grouping and onerous testing
        • Discounting and financing component
        • Acquired contracts in their settlement period
      • Initial recognition
        • Principles
        • Illustrative example – T-account (Bridging the gap between IFRS 17 and IFRS 4/Belgian GAAP)
      • Subsequent Measurement
        • Principles
        • Illustrative example – T-account (Bridging the gap between IFRS 17 and IFRS 4/Belgian GAAP)
    • LIC measured applying BBA: Overview
      • Introduction
        • Measurement Models (BEL+RA, No CSM)
        • Discounting and OCI
      • Illustrative example – T-account (Bridging the gap between IFRS 17 and IFRS 4/Belgian GAAP)
    • Conclusion (Hot topics discussed at the moment within the NL industry)?
    • Q&A

     by Olivia Saffery

  5. From 16:00 to 18:00

    The modified BBA to measure with profit products in the Belgian market

    • IFRS 17 Recap Slides
    • Introduction
      • Measurement Models
      • Scope - Contracts with Asset dependent CFs – Direct vs Indirect participating contracts
      • VFA vs Modified BBA Eligibility Criteria
      • Discounting – OCI – Crediting rate vs Locked-in rate.
    • Initial Recognition
      • Overview of Requirements (BEL – RA – CSM)
      • Illustrative example – T-account (Profitable vs Onerous contracts)
    • Subsequent Measurement
      • Overview of Requirements
        • Fulfillment Cash-flows (BEL & RA)
          • Roll Forward of balances (BEL & RA)
          • Re-estimation of Non-financials assumptions
          • Re-estimation of Financial assumptions
        • CSM
        • OCI - Discounting
      • Illustrative example – T-account
    • Conclusion (Hot topics discussed at the moment within the Life industry?)
    • Q&A

    by Olivia Saffery

  6. From 16:00 to 18:00

    Options review

    IFRS17 is not as prescriptive as Solvency II. Its implementation requires methodological choices and expert judgements with a significant impact on financial reporting.

    We will run through those key options during the session and illustrate their high level impact.

    This should allow participants to get a better understanding of the positions taken by insurance entities on the market.

    by Daphné de Leval

  7. From 16:00 to 18:00

    Management reporting covering IFRS 17

    • Management reporting
    • KPIs

    By Evelien Brisard

  8. From 16:00 to 18:00

    Solvency II versus IFRS 17

    This session is dedicated to a comparison between the financial and prudential framework. 

    We start with a global analysis of the differences and synergies and then focus on the discount rate and risk adjustment.

    We end the session with the valuation of the same life insurance contract under IFRS17 and SII.

    by Daphné de Leval

Register

Sorry, the registration period is over.

Prices

Ticket type Price
Members € 600.00
Non-members € 900.00

Share with others