Personal and Business Competencies

IFRS 17 (International Financial Reporting Standard).

The training provides in-depth knowledge on the implementation of IFRS 17 in insurance companies. The program includes practical workshops on the valuation and presentation of insurance contracts according to the new standard. Participants will learn about the methodology for calculating technical provisions and disclosure requirements in financial statements.

Issues

Insurance contract pricing models
Calculation of technical provisions
Presentation and disclosure requirements
Data management in the context of IFRS 17
Internal control processes
Financial reporting systems
Cost allocation methods
Technical Documentation
Transitional requirements
Impact on key financial indicators
Implementation risk management
Best implementation practices

Benefits

The participant will gain full knowledge of the requirements of IFRS 17 and its practical application
He will be able to correctly classify and value insurance contracts in accordance with the new requirements
He will acquire the ability to prepare financial statements in accordance with IFRS 17
To identify key areas of risk in the implementation process of the standard
Will learn methods to effectively manage the implementation process of IFRS 17 in the organization
Will gain practical skills in calculating technical provisions

Who is this training for?

Actuaries working for insurance companies

Financial reporting specialists

Employees of financial and accounting departments

Internal and external auditors

Financial reporting managers

Financial analysts in the insurance sector

Financial controllers

Prerequisites

Knowledge of the basics of insurance accounting
Experience in financial reporting
Basic actuarial knowledge
Knowledge of the specifics of the insurance sector

Training program

Key definitions and concepts
Contract pricing models
Transitional requirements
Valuation of insurance contracts

Premium allocation approach (PAA).
Variable fee model (VFA)
Reserve calculation methodology
Presentation and disclosures
Statement of financial position

Explanatory Notes
Disclosure requirements
Practical aspects of implementation
IT systems and processes

Internal inspections
Technical Documentation

Delivery Methods

Online

Convenience of participating from anywhere
Interactive live sessions with trainer
Materials available for 30 days
No travel costs

On-site

Direct contact with trainer and group
Intensive hands-on workshops
Networking with other participants
Full focus on learning

Frequently asked questions

Who is the IFRS 17 (International Financial Reporting Standard). training for?

This training is designed for professionals looking to develop skills in ifrs 17 (international financial reporting standard).. Required level: advanced.

How long is the IFRS 17 (International Financial Reporting Standard). training?

The training lasts 3. Available in online or on-site format.

Will I receive a certificate?

Yes — every participant receives a completion certificate confirming acquired competencies. EITT holds ISO 9001 accreditation.

Can this training be conducted for a closed group?

Yes — we offer dedicated closed trainings for companies. We customize the program to your team's needs. Contact us for an individual quote.