Events
Training: IFRS 17 and solvency II: Basic considerations
16 May 2022 - 17 May 2022
Online-Cisco Webex Meeting Platform
16 May 2022 - 17 May 2022
Online-Cisco Webex Meeting Platform
In an effort to address basic considerations regarding IFRS 17 insurance contracts and solvency II, answer questions and provide guidance, especially to professionals in the insurance sector, KPMG Academy offers this highly recommended training.
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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