Events

KPMG Webinar: IFRS 17 insurance contracts and solvency II

14 June 2021 - 15 June 2021

Webinar

In an effort to keep informed its clients, especially professionals in the insurance sector, about the particular IFRS and update them on other related regulatory issues, KPMG Academy offers this highly recommended training on IFRS 17 insurance contracts and solvency II. 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. It will also increase transparency about the profitability of new and in-force businesses and will provide users additional insights into the financial health of an insurer.

It is certain that all insurers will see impact on their reported numbers, whilst it is projected that the implementation of the standard will require substantial effort.

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*Important Notes: 

  • Please note that KPMG will offer this training face-to-face at KPMG offices in Nicosia, should there be a considerable decrease in COVID-19 cases in Cyprus, and the government restrictions allow this adjustment. In such a case, the training will be conducted on 15 June 2021. Further information will be communicated to you in due course.
  • Relevant updates are expected to be released in June-July 2021. If no updates are announced until the said period, the training will be rescheduled in the second semester (Sep-Dec) of 2021.

For more information, please contact:

Irini Avraam

KPMG Academy

Tel: +357 22 207 460

academy@kpmg.com.cy


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