This is a highly recommended training on IFRS 17 insurance contracts and solvency II, which aims to keep professionals, who work in the insurance sector, informed of the particular IFRS and up to date on other related regulatory issues.

It is expected that the new standard will introduce a comprehensive new accounting model that will give users of financial information a whole new perspective on the financial statements of the insurers. Furthermore, it will herald an end to the lack of comparability in the insurance sector, increase the transparency about the profitability of new and in-force businesses and provide users with additional insights into the financial health of an insurer. Undoubtedly, all insurers will see impact on their reported numbers, whilst it is estimated that the implementation of the standard, which essentially redefines insurance accounting, will require substantial effort.

For more information, visit website.

For more information, please contact: