IFRS 17 Insurance Contracts

IFRS 17, Insurance Contracts, is an international standard that sets forth new guidelines for insurance accounting, marking a significant departure from previous standards. It emphasizes transparency, comparability, and consistency in the financial reporting of insurance contracts, aiming to provide clearer insights into a company's financial health and risk exposure. This comprehensive contract boundaries IFRS 17 training course is designed to deepen participants' understanding of these updated standards, covering the purpose and importance of IFRS 17 as well as key principles that influence recognition and measurement approaches. Through this training, participants will gain the skills needed to analyze IFRS 17’s impact on financial statements, ensuring a solid foundation for future compliance.

In addition to foundational concepts, the course addresses essential areas such as initial recognition criteria, advanced measurement models, disclosure requirements, and transition methodologies. It also includes IFRS 9 integration, with a focus on financial instruments relevant to insurers, credit loss modelling, and updated hedge accounting standards. By the end of this training, attendees will be equipped to apply IFRS 17, optimize financial reporting practices, and navigate the complexities of insurance contracts. This course is ideal for insurance professionals, financial analysts, compliance officers, and auditors looking to stay at the forefront of insurance accounting standards.