EY - IFRS 17 -- what have we learned so far?

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IFRS 17 -- what have we learned so far?

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The new International Financial Reporting Standard for Insurance Contracts (IFRS 17) represents a fundamental change to current accounting practices for entities issuing insurance contracts. One year after its issue date, IFRS 17 has led to several highly technical interpretation discussions (many of which are still unresolved) and is proving to require significant implementation effort and investment.

During this webcast, our panelists will discuss the key implementation challenges that insurers are facing and some of the practical solutions that are being developed.

Topics include:

  • Update on the second technical discussion of the IASB’s Technical Resource Group (TRG) on 2 May 2018
  • Key IFRS 17 implementation challenges from an accounting, actuarial and operational perspective
  • Insights on AIA’s IFRS 17 implementation project from Bob Owel, Technical Lead for IFRS 17 implementation
  • A look at the more popular IFRS 17 solutions being developed, including data models, subledger systems and process enhancements
  • Some ideas and examples of IFRS 17 project governance models, planning techniques, transition strategies and country rollout approaches to support the implementation and live cutover after the initial gap assessment and design phases

The webcast will last approximately one hour, with an opportunity for Q&A at the end.

CPE credit offered: 1.0. Recommended Field of Study: Specialized Knowledge; Learning objectives: Describe what the key IFRS 17 implementation challenges from an accounting, actuarial and operational perspective are. Explain the fundamental change to current accounting practices for entities issuing insurance contracts. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on: content, polling, length of participation, etc For more, see CPE FAQ