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Informa

27 June 2017
London

IFRS 17 Insurance Contracts

A Timely and Practical Full Day Workshop Addressing the Technical, Operational and Business Consequences for Life and Non Life Insurers

Are You Ready for IFRS 17?

Technical Accounting Challenges
  • Building block approach
  • Cash flows
  • Discounting
  • Risk adjustment
  • Contractual service margin (CSM) 
  • Premium allocation approach
  • Variable fee approach
Systems and Data Considerations
  • Data processing and data storage 
  • Data tracking
  • Aligning actuarial and accounting functions
  • What systems are available?
  • Identifying onerous contracts 
  • Next steps towards implementation 
Impact on Your Business
  • Profit recognition under IFRS 17 
  • Impact on products
  • Rethinking KPIs
  • Regulatory reporting position
  • Tax impact - HMRC interpretation
  • Leveraging the work of Solvency II