EAA Web Session 'How to Read the New IFRS Balance Sheet for Insurers' on 14 June 2024

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EAA Web Session 

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How to Read the New IFRS Balance Sheet for Insurers

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14 June 2024 | 9:00-12:15 CEST

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In 2017, after more than two decades of debates, outreach, and Exposure Drafts, the IASB finally published the new IFRS 17 standard for Insurance Contracts. Following additional years of further debates on several actuarial and accounting-related aspects the new standard has become effective on 1st January 2023 and fundamentally changed the way on how many insurance companies present their obligations and their financial performance stemming from insurance contracts.

As experience shows, actuaries play a key role in that new reporting regime: The standard requires many fundamental decisions, which determine the reporting of the amount and profile of IFRS results for years to come. Actuaries need to understand the corresponding consequences for reporting and to be able to explain it to their top-management. They also play a key role in the preparation of landmark decisions and need to closely collaborate and communicate with other functions, i.e. the accounting function.

Accordingly, a strong focus of this web session is to assist actuaries to better understand the new key reporting requirements of IFRS 17, in particular regarding the new IFRS balance sheet and statement(s) of financial performance (Profit and Loss as well as Other Comprehensive Income). The web session will be useful for both finance and actuarial experts involved in IFRS 17 reporting and analysis or simply interested in the practical application of this ground-breaking new standard.

Overall, the goal is to enable participants to understand the IFRS 17 reporting and help transferring the reporting requirements into the specific situation of the participant. It is thus intended to prepare participants for analysing, testing, reviewing, and consulting with management, accounting, and auditors.

Your early-bird registration fee is € 180.00 (net) / € 214.20 (incl. VAT, if applicable) for bookings by 3 May 2024. After this date, the fee will be € 250.00 (net) / € 297.50 (incl. VAT, if applicable).

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Details

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Programme

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Registration

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Coming soon...

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Understanding the Performance of an Insurance Company: An Introduction | 10/11 & 15/16 April 2024

Climate Day 5.0 | 17 June 2024

50 Shades of Product Development Reloaded (Business Game Included)
| 22-24 May 2024

...and a lot more! Explore our website for more information or download our overview.

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