What you need to know about the IFRS 17 Actuaries Institute training sessions

The introduction of IFRS 17 Insurance Contracts ('IFRS 17') will have a substantial impact in the way companies present their financial statements. The transition to IFRS 17 will require significant investment and effort from insurers and will also impact the every-day operations of insurers.

From the start of November, the Actuaries Institute will be providing both members and non-members with two IFRS 17 trainings on a weekly basis. These sessions will provide members and non-members with IFRS 17 training so that members will be better prepared to:

• Implement the new standard;
• Understand its implications; and
• Provide insightful guidance to stakeholders.

These sessions are suitable for both management and technical practitioners, including, actuarial, data and systems, and finance, and all who will be involved in the transition to IFRS 17. Overall, the change in accounting standards to IFRS 17 will have a significant impact on the industry and it is important to understand the concepts and its implications to your company. The training sessions will be run by industry experts who are working closely with IFRS 17 and can share knowledgeable insights.

The  virtual training sessions will be held via Zoom and will be recorded for those who cannot attend. These recorded sessions will be uploaded onto the Institute Education Learning Management System (LMS) where you can also find discussion forums for each session that will allow you to engage with the material.

Please note the training sessions and discussions will be provided by volunteers in their personal capacity on behalf of the Actuaries Institute and therefore reliance's and limitations will apply.

The next upcoming session is this Tuesday 1 November at 12:00pm to 1:30pm where you will be introduced to the technical components of IFRS 17. Register now

For more information on the upcoming sessions as well as an overview of topics that will be discussed, please see the table below.