Search
Please make sure you are using a supported browser. To find out more click here.

09 November 2022

IFRS 17 insurance contracts - an essential guide

Category: MASTER COURSE

This full day course examines all the key aspects IFRS 17, and contains numerous practical illustrations of the workings of the standard.

Who should attend?
The course is primarily designed for anyone involved in the preparation or audit of financial information in entities which issue insurance contracts.It will also be useful to anyone requiring a detailed insight into how the new standard will affect the accounting by insurance entities, and the information and systems challenges presented.

What you will gain
IFRS 17 Insurance Contracts is the long awaited comprehensive standard on accounting for insurance contracts.This full day course examines all the key aspects of the standard, including the transitional arrangements and the changes proposed by the IASB as a result of substantial feedback and reaction. It contains numerous practical illustrations of the workings of the standard.

This course provides a detailed examination of the principles of IFRS 17. If you require an overview of IFRS 17’s requirements, you may wish to consider our half day course IFRS 17 Insurance Contracts - the fundamentals.

On completion of the course you will be better able to:

  • Identify which transactions are within the scope of IFRS 17
  • Determine whether non-insurance elements require separation
  • Apply the fundamentals of the General Measurement Model (GMM)
  • Understand the variations to the GMM applicable to reinsurance and direct participating contracts
  • Apply the Premium Allocation Approach
  • Appraise the transitional alternatives

Programme outline

  • Identification of insurance contracts
  • The alternative models
  • The General Measurement Model
    • Separation of non-insurance element
    • Grouping of insurance contracts
    • Initial measurement
    • Subsequent measurement
    • Illustrative examples, including onerous and profitable contracts and the impact of discounting
  • The variable fee approach for direct participating contracts
  • The Premium Allocation Approach
    • Circumstances for use
    • Illustration of accounting
  • Accounting for reinsurance contracts
  • The transitional options available

The course starts at 9.30am. Lunch and refreshments are included. 
6 CPD hours (where applicable).

CIMA work in partnership with BPP Professional Education to offer CPD training courses

Booking Information

Date Location Price
9 November 2022 - 09:30 London Price: GBP 634.00
Member price: £571. Plus VAT on all prices.


Related Events

08/09/2022 09:30:00

IFRS 17 insurance contracts - the fundamentals

MASTER COURSE

  • Cost:
    GBP 315.00
    Member price: £284. Plus VAT on all prices.
  • Location:
    Online Live - morning course
  • Speaker(s):

Get an overview of the new accounting standard for insurance contracts - IFRS 17

Find out more

IFRS 17 insurance contracts - an essential guide

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount.

Book Now

In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: https://www.bpp.com/professional-education/privacy

The information provided to BPP will not be used by BPP for marketing purposes.

CIMA on demand 

Our catalogue of online CPD training courses designed to fit around your schedule.

Get any 5 courses for just £99 +VAT - limited time only.  

Find out more