As we enter the third year of IFRS 17, the insurance and reinsurance sectors are beginning to delve deeper into the value and changes this new era will bring, with a growing focus on performance in addition to accounting and compliance. Organised by the Singapore Reinsurers’ Association (SRA) Accounts Sub-Committee and kindly hosted at the Allianz Training Centre, this seminar will be of great interest to actuaries and insurance professionals who are responsible for IFRS compliant reporting and analysis of new business/performance metrics from IFRS 17 results.
The seminar will focus on the following topics:
- Insights from Year 2 IFRS 17 implementation
- Key challenges and audit focus from an Auditor’s perspective
- Insights into main lessons learned
- Strategic next steps for Year 3 and beyond
- Key challenges and audit focus from an Auditor’s perspective
- Disclosure and comparability
- Convergence of methodology and approaches, accounting policy choices and judgements, sensitivity analysis
- Observations of approaches and disclosures between Singapore and other IFRS 17 countries
- Convergence of methodology and approaches, accounting policy choices and judgements, sensitivity analysis
- Interpretation and communication of IFRS 17 business/performance metrics
- Shift from compliance and accounting to performance measurement
- Actuarial perspectives and insights
- Shift from compliance and accounting to performance measurement
- What’s next after IFRS 17?
- Introduction to IFRS 18 - Presentation and Disclosure in Financial statements and how it applied to the reinsurance sector
- Introduction to IFRS 18 - Presentation and Disclosure in Financial statements and how it applied to the reinsurance sector
Agenda:
2.00pm Registration and arrival of the participants
2.15pm Welcome and Introductions
2.30pm Part 1 – Insights from Year 2 implementation and what’s next after IFRS 17
3.15pm Break
3.45pm Part 2 – IFRS 17 business/performance metrics
4.15pm Panel discussion and Q&A
4.45pm Closing and Networking
