IFRS 17 Implementation and Reporting Workshop

The programme

Programme overview

IFRS 17 represents one of the most significant changes to insurance contract accounting in decades, fundamentally altering how insurers report, measure, and disclose their financial results. This intensive 5-day training course provides a comprehensive, practical journey through IFRS 17, covering all key concepts, measurement models, revenue recognition, and integration with related standards such as IFRS 9, IFRS 15, IAS 8, and IAS 37. Participants will engage in interactive lectures, hands-on Excel exercises, real-world case studies, and group discussions, building practical skills to apply IFRS 17 in their organisations.

By the end of this workshop, delegates will be able to interpret and implement IFRS 17 requirements, produce compliant financial statements, and make sound professional judgements in complex scenarios.

This workshop is ideal for accountants, auditors, finance managers, actuaries, and anyone involved in the preparation, audit, or analysis of insurance contracts under IFRS.

Who should attend

Who is this programme for?

This workshop is designed for professionals working within insurance, reinsurance, and financial services who are directly or indirectly involved in the preparation, reporting, auditing, or analysis of financial statements under IFRS 17. It is particularly valuable for:

• Accountants & Finance Managers – responsible for preparing IFRS-compliant financial statements and managing reporting processes.
• Auditors & Assurance Professionals – reviewing insurance contract accounting and ensuring compliance with IFRS 17 requirements.
• Actuaries & Risk Specialists – engaged in modelling cash flows, calculating risk adjustments, and supporting financial reporting.
• Financial Controllers & Reporting Teams – implementing IFRS 17 systems, policies, and disclosures.
• Regulators & Compliance Officers – overseeing the adoption and monitoring of IFRS 17 reporting standards.
• Consultants & Advisors – supporting insurers and financial institutions with IFRS 17 implementation projects.
• Systems & Data Specialists – involved in integrating IFRS 17 requirements into reporting systems, actuarial models, and IT frameworks.
• Insurance Executives & Business Leaders – seeking to understand the strategic, financial, and operational impact of IFRS 17 on their organisations.

Whether you are in accounting, actuarial, audit, risk, or finance leadership, this course will equip you with the technical knowledge and practical tools to navigate IFRS 17 implementation and reporting effectively.

Learning outcomes

What you will learn

• Understand the core principles and objectives of IFRS 17, including its scope, key definitions, and fundamental measurement models (BBA, PAA, VFA)
• Apply IFRS 17 measurement techniques for insurance contracts, including cash flow discounting, risk adjustment, and calculation of the Contractual Service Margin (CSM)
• Apply the level of aggregation requirements, contract boundary principles, and accounting for onerous contracts
• Recognise and account for insurance revenue, including unit-linked products and integration with IFRS 15 requirements for revenue from contracts with customers
• Integrate related IFRS standards (IFRS 9, IAS 8, IAS 37) with IFRS 17, addressing financial instruments, policy changes, estimates, provisions, and contingent liabilities
• Apply reinsurance accounting principles and the Other Comprehensive Income (OCI) option under IFRS 17
• Build, analyse, and present end-to-end financial models for insurance businesses, including preparation of financial statements and IFRS-compliant disclosures
• Exercise sound professional judgement in selecting accounting policies, handling complex transactions, and preparing for external audit or regulatory review
• Collaborate effectively in teams to solve practical case studies and share insights into IFRS 17 implementation challenges and best practices

Explore the programme

Detailed programme outline

• Welcome & Course Overview
• IFRS 17 Scope and Key Definitions
• IFRS 17 Measurement Models: General Model (BBA), PAA, VFA
• Level of Aggregation: grouping contracts for measurement and profitability tracking
• Contract Boundary: determining which future cash flows fall within a contract
• Onerous Contracts: identification and loss recognition at initial recognition and subsequently
• Practical Exercise: Classify Sample Insurance Contracts
• Case Study: CSM & Fulfilment Cash Flows
• Q&A & Day 1 Wrap-Up
• Recap Day 1
• Discounting Cash Flows & Financial Risk
• Risk Adjustment Methods
• The Other Comprehensive Income (OCI) Option: presentation choices for insurance finance income and expense
• Practical: PV, FCF, CSM & Risk Adjustment
• CSM Release & Journal Entries
• Q&A & Day 2 Wrap-Up
• IFRS 17 Revenue Recognition Principles
• Unit-Linked Products & VFA
• IFRS 15 Introduction & Revenue Recognition for Insurance Services
• Practical Exercise: Allocate Premiums to Funds & Calculate Fees
• Prepare IFRS 17 & 15 Disclosure Notes
• Q&A & Day 3 Wrap-Up
• IAS 8 – Accounting Policies, Changes in Estimates & Errors
• IFRS 9 – Financial Instruments Overview
• IAS 37 – Liabilities, Provisions & Contingent Liabilities
• Reinsurance Accounting: reinsurance contracts held, and their interaction with underlying insurance contracts
• Practical Exercise: Integrate IFRS 17 with IFRS 9 & IAS 37
• Group Discussion: Accounting Policy Selection & Professional Judgement
• Q&A & Day 4 Wrap-Up
• Recap of IFRS 17 & IFRS 15 Concepts
• End-to-End Financial Model Overview
• Practical Exercise: Build Consolidated Insurance Model
• Complete Financial Statements & Disclosures
• Group Presentations & Review
• Course Wrap-Up & Best Practices

Learning approach

How you will learn

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.– Course Material: Access well-crafted supporting resources.– Group Work: Collaborate on discussions and case studies for practical insights.– Workshops & Role-Play: Participate in immersive, scenario-based activities.– Practical Application: Focus on applying theoretical knowledge in real situations.– Post-Training Support: Receive extensive support after training for skill implementation.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.