An Intensive 5-day Training Course
IFRS 17 Insurance Contracts
Principles, Measurement and Reporting
INTRODUCTION
This highly participative IFRS 17 Insurance Contracts training course is designed for finance, actuarial, risk, audit and insurance professionals who need to understand, interpret and apply the accounting requirements for insurance contracts. The course explains the standard from both a conceptual and practical implementation perspective, with emphasis on measurement models, presentation, disclosure and transition issues.
Participants will examine how IFRS 17 changes the recognition and measurement of insurance contract assets and liabilities, how contractual service margin is created and released, and how insurance revenue and insurance service results are presented in financial statements. The course also considers implementation controls, data requirements, system implications and practical reporting challenges for insurers and groups with insurance activities.
This EuroMaTech IFRS 17 Insurance Contracts training course is structured around worked examples, group discussions, short technical exercises and case studies relevant to insurers, reinsurers, auditors, regulators and finance teams operating in Morocco, Africa and international markets.
Participants attending this IFRS 17 training course will develop the following competencies:
- Explain the purpose, scope and core principles of IFRS 17 Insurance Contracts.
- Distinguish between the General Measurement Model, Premium Allocation Approach and Variable Fee Approach.
- Analyse fulfilment cash flows, discounting, risk adjustment and contractual service margin.
- Interpret IFRS 17 presentation and disclosure requirements for management and external reporting.
- Identify implementation, transition, data, systems and control considerations for IFRS 17 reporting.
TRAINING OBJECTIVES
This IFRS 17 Insurance Contracts training course aims to enable participants to achieve the following objectives:
- Understand the accounting architecture and terminology of IFRS 17.
- Apply IFRS 17 recognition and measurement concepts to groups of insurance contracts.
- Evaluate the impact of estimates, discount rates, risk adjustment and contractual service margin on reported results.
- Prepare and interpret insurance revenue, insurance service expenses, finance income or expenses and related disclosures.
- Assess the IFRS 17 interaction with reinsurance, investment components, IFRS 9 and transition approaches.
- Develop practical action points for implementation governance, reporting controls and stakeholder communication.
WHO SHOULD ATTEND?
This EuroMaTech training course is suitable for professionals who are involved in insurance accounting, financial reporting, actuarial valuation, audit, risk, regulation, compliance, systems implementation or executive decision-making under IFRS 17.
It is particularly relevant for:
- Chief financial officers, finance managers, financial controllers and reporting specialists in insurance entities.
- Actuarial professionals, valuation teams, risk managers and capital management teams.
- Internal auditors, external auditors, audit committee members and assurance professionals.
- Regulators, supervisors, compliance officers and professionals reviewing insurance financial statements.
- Banking, investment, consulting and corporate professionals who analyse insurance companies or insurance contracts.
TRAINING METHODOLOGY
The IFRS 17 training course will combine concise technical presentations with practical exercises, short quizzes, accounting illustrations, group discussions and case studies. Delegates will be encouraged to participate actively by linking IFRS 17 principles to the reporting challenges faced by their organisations, including data quality, actuarial inputs, governance, systems and disclosure readiness.
The learning approach will be practical and progressive: concepts are introduced first, then applied through numerical examples, contract classification scenarios, measurement exercises, disclosure review tasks and an integrated implementation case study.
TRAINING SUMMARY
This training course covers the full IFRS 17 journey from scope and recognition to measurement, presentation, disclosure and transition.
TRAINING OUTLINE
Day 1 : IFRS 17 Foundation, Scope and Contract Boundaries
- Objective of IFRS 17 and comparison with the former IFRS 4 model.
- Definition of insurance contracts, significant insurance risk and embedded components.
- Level of aggregation: portfolios, groups, annual cohorts and onerous contracts.
- Contract boundary, coverage period and recognition of a group of contracts.
- Case discussion: identifying IFRS 17 contracts and separating non-insurance components.
Day 2 : Measurement Building Blocks and the General Measurement Model
- Fulfilment cash flows: estimates of future cash inflows, outflows and acquisition cash flows.
- Discount rates: current market-consistent rates, financial risks and liquidity characteristics.
- Risk adjustment for non-financial risk: purpose, techniques and disclosure implications.
- Contractual Service Margin at initial recognition and treatment of day-one gains and losses.
- Worked example: measuring a group of insurance contracts using the General Measurement Model.
Day 3 : Subsequent Measurement, Revenue and Financial Statement Presentation
- Subsequent measurement of liability for remaining coverage and liability for incurred claims.
- Release of Contractual Service Margin and recognition of insurance service result.
- Insurance revenue, insurance service expenses and treatment of investment components.
- Insurance finance income or expenses and the accounting policy choice for OCI presentation.
- Practical exercise: analysing profit emergence and explaining movements in IFRS 17 balances.
Day 4 : Special Measurement Approaches, Reinsurance and Complex Features
- Premium Allocation Approach: eligibility, mechanics and differences from the General Measurement Model.
- Variable Fee Approach for direct participating contracts and changes in the entity’s share of underlying items.
- Reinsurance contracts held: initial recognition, measurement, loss recovery component and subsequent accounting.
- Onerous groups, contract modifications, derecognition and portfolios with complex product features.
- Case study: selecting the appropriate measurement model for life, non-life and reinsurance arrangements.
Day 5 : Transition, Disclosure, Systems and Implementation Governance
- Transition approaches: full retrospective, modified retrospective and fair value approach.
- IFRS 17 disclosures: reconciliations, judgements, risk exposures, methods and inputs.
- Data, systems and process design: actuarial inputs, finance close, controls and audit evidence.
- Implementation governance: project roadmap, roles, documentation and stakeholder communication.
- Integrated workshop: IFRS 17 reporting pack, management briefing and action plan for implementation.
CALL ME BACK
Do you wish for us to conduct this course at your premises?
Discover In-House Solutions
ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
FAQ
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
