IFRS 17 Training
Get up to speed for FREE on our IFRS 17 training series on P&C, Group and Life insurance courses today!
All
P&C
Group
Life
IFRS 17 Basics
New to IFRS 17? Need to catch up quickly ahead of quarterly reporting? Already know something about the standard but need a refresher on the basics before diving deeper? This is the training course for you!
Premium Allocation Approach
Dive into the world of PAA – Premium Allocation Approach training. The PAA is used by most P&C insurers and Group insurers. PAA automatically applies for contracts that are 12 months or less in duration.
General Measurement Approach
The GMA or General Measurement Approach is the valuation approach used by most life insurers. It is also used by some P&C insurers that issue contracts that are longer than 1 year.
Income Statement – Life Example (GMA)
The Income Statement or “Statement of Financial Performance” under IFRS 17 is a drastic divergence from IFRS 4. This training course will teach you about the new sections and what is contained in each of the new Income Statement sections.
Income Statement – Group Insurer (PAA)
The Income Statement or “Statement of Financial Performance” under IFRS 17 is a drastic divergence from IFRS 4. This training course will teach you about the new sections and what is contained in each of the new Income Statement sections, as seen from the perspective of a Group Insurer applying the PAA.
Income Statement – P&C Example (PAA)
The Income Statement or “Statement of Financial Performance” under IFRS 17 is a drastic divergence from IFRS 4. This training course will teach you about the new sections and what is contained in each of the new Income Statement sections, as seen from the perspective of a P&C Insurer applying the PAA.
Discounting – P&C
The methodology used to discount actuarial liabilities under IFRS 17 is a major change vs. the prior accounting standard. This training course will dive into the potential approaches to discount fulfilment cash flows from the perspective of a P&C insurer.
Discounting – Life – Coming Soon
The methodology used to discount actuarial liabilities under IFRS 17 is a major change vs. the prior accounting standard. The Canadian Asset Liability Method or CALM is no longer used. This training course will dive into the potential approaches to discount fulfilment cash flows from the perspective of a Life or Group insurer.
Investment Components
Non-distinct investment components are subject to IFRS 17 reporting. This training course introduces the concept of a non-distinct investment component. It also covers typical investment components contained in Canadian insurance contracts and their accounting treatment.
Loss Component and Onerous Contracts
IFRS 17 introduces the concepts of a loss component and onerous contracts. This training course will teach you the basics and give you the foundational understanding you need.