IFRS 17 will represent a significant change in terms of the calculation and presentation of Insurers’ financials. This will have a direct impact on data, systems and processes, and significantly, profitability. Due to the technical complexity of the standard, insurers will need to educate a range of stakeholders across their organisation, facilitating a clear understanding of the IFRS 17 requirements, and helping them to successfully embed the changes. We are using our global subject matter expertise across the insurance industry, partnered with our dedicated learning specialists to develop a suite of modules to support the transition.
What's included in the programme?
Our IFRS 17 suite of digital learning modules consists of a 4-minute animation and ten 20-minute modules. The modules provide:
- an overview of the Standard explaining the core concepts
- a deep dive into specific aspects and implications of IFRS 17
- a look at real-world scenarios, financial examples and links to additional resources.
Please note, if you are outside of the UK/Europe you may not be able to purchase this course. Please could you register your interest on the KPMG website (follow the link to ‘book online’).
Key areas covered:
- income recognition
- premium allocation approach
- variable fee approach
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