Deloitte Webinar: IFRS 17 – What changes?

Date                           29 April 2021

Time                           17:00–19:00 CET

Venue                        Online

Price                          €40

Registration link     https://www.mitcentre.com/book-now/284/285

Webinar description

IFRS 17 Insurance Contracts is applicable for annual periods beginning on or after 1 January 2023, and replaces the current accounting standard on insurance contracts, IFRS 4.  The implementation of IFRS 17 represents a major challenge for the insurance industry, as it introduces new measurement models and accounting principles, which fundamentally change existing accounting and reporting practices.

This course covers what brought about the need for IFRS 17, the scope of the accounting standard, the key changes from IFRS 4, the accounting and measurement models, as well as the main requirements for transition and disclosure in the financial statements.

Webinar topics

The session will mainly cover the following:

• The scope of IFRS 17 and key definitions
• Key changes from IFRS 4
• The general concepts and how they apply
• The measurement models under IFRS 17 as compared to IFRS 4
• Transition and disclosure requirements
• KPI considerations

Learning objectives

At the end of this webinar, participants should be able to:

• Understand why IFRS 17 was required
• Understand the scope of IFRS 17
• Be aware of the main changes from IFRS 4 to IFRS 17
• Obtain a working knowledge of the measurement models
• Be familiar with the transition and disclosure requirements

Target audience

Finance team members and other relevant professionals working in the insurance industry.

Trainer name

Mark Giorgio

Trainer bio and experience

Mark is an audit Director at Deloitte within the Financial Services Practice, specialising in the insurance industry. His experience includes servicing a number of insurance audit clients that operate in the life and general insurance industry, both locally and cross border, and through PCC structures. He provides ongoing training support on insurance-related matters. Mark also services other financial services clients such as collective investment schemes, investment management companies, pension administrators and pension schemes.

Mark is a Certified Public Accountant and holds a Practicing Certificate in Auditing.