IFRS 17 Institute Education Sessions

IFRS 17 Insurance Contracts, the new international accounting standard for insurance contracts – and the Australian equivalent, accounting standard AASB 17 – comes into effect for accounting periods starting on or after 1 January 2023. 

The Actuaries Institute are hosting weekly Education Sessions to deliver IFRS 17 training for interested professionals. The sessions have been designed to provide information about the new accounting standards, its implications, and prepare you to implement the new standard and insightfully communicate its impact to stakeholders. There will be both technical and management focused sessions covering general insurance, life insurance and private health insurance. 

Who should ENROL?

The Institute Education Sessions will be for both senior management and technical professionals working in life insurance, general insurance, and health insurance. Other professionals in the insurance industry, such as those working in product development, may also find these sessions useful.

EDUCATION SESSIONS OUTLINE

The IFRS 17 Taskforce are finalising the sessions, which are planned to commence on 1 November 2022. 

Registering in the Education Sessions includes access to session recordings and support materials relating to AASB 17 and IFRS 17 until December 2023.

 Session

  Date

  Time (AEST)

  Category

  Sector

  Session Title

 1

  24 October, 2022

  12:00 - 13:00

  Introductory

  All

  Introduction to Institute IFRS 17 Insight Sessions

 2

  1 November, 2022

  12:00 - 13:30

 Technical

  All

  Technical introduction to the components IFRS 17      Standard

 3

 4 November, 2022

  12:00 - 13:00

 Management

  Life

  Comparison of the AASB 1038 vs AASB 17                     financial statements

 4

 8 November, 2022

  12:00 - 13:00

 Management

  GI/PHI

  Comparison of the AASB 1023 vs AASB 17
  financial statements

 5

 11 November, 2022

  12:00 - 13:30

 Technical

  All

  Introduction to Contract Boundaries and                         recognition

 6

 15 November, 2022

  12:00 - 13:30

 Management

  All

  Understanding AASB 17 Disclosure requirements 

 7

18 November, 2022

   12:00 - 13:30

 Technical

  All

 Introduction to the General Measurement Model   (GMM) 

 8

 22 November, 2022

   12:00 - 13:30

Technical

  All

 Introduction of the Premium Allocation Approach   (PAA) 

 9

 25 November, 2022

   12:00 - 13:30

Technical

  All

 Introduction to Risk Adjustment 

 10

 29 November, 2022

   12:00 - 13:30

 Technical 

  All

 Introduction to Reinsurance Contracts Held

 11

 2 December, 2022

   12:00 - 13:30

 Technical

  All

 Transition approaches

 12

 6 December, 2022

   12:00 - 13:30 

 Management

  All

 Understanding transition impacts and observations   from the market

 13

 9 December, 2022

   12:00 - 13:30

 Technical

  All

 Deep Dive: PAA and GMM worked examples

 14

 31 January, 2023

   12:00 - 13:00

 Management

  Life

 Profit profile considerations AASB 1038 vs AASB 17

 15

 3 February, 2023

   12:00 - 13:00

 Management

  GI/Health

 Profit profile considerations AASB 1023 vs AASB 17

 16

 7 February, 2023

   12:00 - 13:30

 Management

  Life

 Capital considerations due to AASB 17 (Life)

 17

 10 February, 2023

   12:00 - 13:30

 Technical

  All

 Deep dive into Discounting

 18

 14 February, 2023

   12:00 - 13:30

Management

  All

 Tax considerations due to AASB 17

 19

 17 February, 2023

   12:00 - 13:30

 Technical

  All

 Introduction to the Variable Fee Approach (VFA)

 20

 21 February, 2023

   12:00 - 13:30

 Technical

  All

 Introduction to Insurance Acquisition Cash Flows

                                                                   

COST

  • The Education sessions are free for Institute members. 
  • For non-members, the registration fee is $100. 

enrolment

The course utilises the Institute's Learning Management System, making the course highly accessible. Participants can enrol in the course at any time. Institute members can enrol online and non-members can submit an Enrolment Form. 

Login details for the Institute's Learning Management System will be issued once the application has been processed. Please allow up to two working days to receive your login details. Late registrations (between 24 November - 14 December) please allow additional time to receive your login details.