IFRS 17 Insurance Contracts

Available Dates

Jan-06-2025

Barcelona
Jan-20-2025

Barcelona
Feb-03-2025

Barcelona
Feb-17-2025

Barcelona
Mar-03-2025

Barcelona
Mar-17-2025

Barcelona
Apr-07-2025

Barcelona
Apr-21-2025

Barcelona
May-05-2025

Barcelona
May-19-2025

Barcelona
June-02-2025

Barcelona
June-16-2025

Barcelona
June-30-2025

Barcelona
July-07-2025

Barcelona
July-21-2025

Barcelona
Aug-04-2025

Barcelona
Aug-18-2025

Barcelona
Sep-01-2025

Barcelona
Sep-15-2025

Barcelona
Sep-29-2025

Barcelona
Oct-06-2025

Barcelona
Oct-20-2025

Barcelona
Nov-03-2025

Barcelona
Nov-17-2025

Barcelona
Dec-01-2025

Barcelona
Dec-15-2025

Barcelona
Dec-29-2025

Barcelona

Dates in Other Venues

Jan-06-2025

Paris
Jan-13-2025

London
Jan-13-2025

Amsterdam
Jan-20-2025

Dubai
Jan-27-2025

Istanbul
Jan-27-2025

Kuala Lumpur
Feb-03-2025

Paris
Feb-10-2025

Amsterdam
Feb-10-2025

London
Feb-17-2025

Dubai
Feb-24-2025

Kuala Lumpur
Feb-24-2025

Istanbul
Mar-03-2025

Paris
Mar-10-2025

London
Mar-10-2025

Amsterdam
Mar-17-2025

Dubai
Mar-24-2025

Kuala Lumpur
Mar-24-2025

Istanbul
Apr-07-2025

Paris
Apr-14-2025

London
Apr-14-2025

Amsterdam
Apr-21-2025

Dubai
Apr-28-2025

Istanbul
Apr-28-2025

Kuala Lumpur
May-05-2025

Paris
May-12-2025

London
May-12-2025

Amsterdam
May-19-2025

Dubai
May-26-2025

Istanbul
May-26-2025

Kuala Lumpur
June-02-2025

Paris
June-16-2025

Amsterdam
June-16-2025

London
June-16-2025

Dubai
June-23-2025

Istanbul
June-30-2025

Kuala Lumpur
June-30-2025

Paris
July-07-2025

Paris
July-14-2025

Amsterdam
July-14-2025

London
July-21-2025

Dubai
July-28-2025

Kuala Lumpur
July-28-2025

Istanbul
Aug-04-2025

Paris
Aug-11-2025

Amsterdam
Aug-11-2025

London
Aug-18-2025

Dubai
Aug-18-2025

Istanbul
Aug-25-2025

Istanbul
Aug-25-2025

Kuala Lumpur
Sep-01-2025

Paris
Sep-08-2025

London
Sep-08-2025

Amsterdam
Sep-15-2025

Dubai
Sep-29-2025

Paris
Sep-29-2025

Kuala Lumpur
Oct-06-2025

Paris
Oct-13-2025

Amsterdam
Oct-13-2025

London
Oct-20-2025

Dubai
Oct-27-2025

Kuala Lumpur
Oct-27-2025

Istanbul
Nov-03-2025

Paris
Nov-10-2025

Amsterdam
Nov-10-2025

London
Nov-17-2025

Dubai
Nov-24-2025

Kuala Lumpur
Nov-24-2025

Istanbul
Dec-01-2025

Paris
Dec-08-2025

Amsterdam
Dec-08-2025

London
Dec-15-2025

Dubai
Dec-22-2025

Istanbul
Dec-29-2025

Paris
Dec-29-2025

Kuala Lumpur

Course Details

IFRS 17, Insurance Contracts, is an international standard that sets forth new guidelines for insurance accounting, marking a significant departure from previous standards. It emphasizes transparency, comparability, and consistency in the financial reporting of insurance contracts, aiming to provide clearer insights into a company's financial health and risk exposure. This comprehensive contract boundaries IFRS 17 training course is designed to deepen participants' understanding of these updated standards, covering the purpose and importance of IFRS 17 as well as key principles that influence recognition and measurement approaches. Through this training, participants will gain the skills needed to analyze IFRS 17’s impact on financial statements, ensuring a solid foundation for future compliance.

In addition to foundational concepts, the course addresses essential areas such as initial recognition criteria, advanced measurement models, disclosure requirements, and transition methodologies. It also includes IFRS 9 integration, with a focus on financial instruments relevant to insurers, credit loss modelling, and updated hedge accounting standards. By the end of this training, attendees will be equipped to apply IFRS 17, optimize financial reporting practices, and navigate the complexities of insurance contracts. This course is ideal for insurance professionals, financial analysts, compliance officers, and auditors looking to stay at the forefront of insurance accounting standards.

By the end of this IFRS 17 Insurance Contracts training course, you will be able to:

Determine what is IFRS 17, the purpose and importance of IFRS 17 in insurance accounting
Track the evolution and key developments of IFRS insurance contracts
Understand recognition criteria and measurement approaches for insurance contracts
Understand the accounting methodology under IFRS 17 and its impact on financial statements
Understand the IFRS 17 transition approaches and requirements in IFRS 17 and their implications for financial reporting
Apply presentation and disclosure requirements in the financial statements
Comprehend IFRS 9 transition requirements for insurance companies and the difference between IFRS 9 and IFRS 17

This IFRS 17 Insurance Contracts course is designed for a wide range of professionals who need to navigate the complexities of the IFRS 17 Insurance Contracts, including:

Insurance Professionals
Accounting and Financial Analysts
Financial Managers and Controllers
Regulators and Compliance Officers
Consultants and Advisors
Internal and External Auditors
Educators and Trainers

Our courses in Barcelona are held at the LPC office located at:

Passeig de Gràcia, 21, planta principal, 08007 Barcelona, Spain

Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.

Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Introduction to IFRS 17

Definition of IFRS 17 and its objectives
Overview of the evolution of insurance accounting standards
Describing the key principles and scope of IFRS 17
Introduction to insurance contracts under IFRS 17
Determining the importance of IFRS for different stakeholders
Comparing IFRS 17 with previous standards

Recognition and Measurement of Insurance Contracts

Understanding the combination and separation of components from an insurance contracts
Describing the aggregation of insurance contracts
Understanding the criteria and timing of recognition
Overview of different accounting approaches and their impact on financial statements:

General measurement model
Premium allocation approach
Modified approaches for specific contracts

Recognizing the main components of the measurement model

IFRS 17 Accounting Approaches

Definition of initial recognition and reignition criteria under IFRS 17
Distinguishing between the general measurement model and the premium allocation approach
Definition of reinsurance contracts and contracts with direct and discretionary participation features
Determining the impact of modification on financial statements
Explaining the principles of derecognition of insurance contracts
Discussing disclosure requirements and presentation formats of financial statements

Transition, Presentation and Disclosures

Exploring transition approaches:

Fill retrospective approach
Modified retrospective approach
Fair value approach

Discussing challenges and considerations during the transition process
Understanding presentation requirements for statement of financial position and statement of financial performance
Distinguishing between qualitative and quantitative disclosures
Discussing significant judgements in applying IFRS 17
Describing the nature and extent of risks resulting from contracts

IFRS 9 Financial Instruments

Exploring methods used by insurers to adopt IFRS 9:

Overlay approach
Deferral approach

Discussing the classification of financial assets and liabilities
Understanding redesignation of financial assets on the adoption of IFRS 17
Explaining the expected credit loss impairment model under IFRS 9
Reviewing the latest updates in hedge accounting under IFRS 9
Summary and lesson learned

IFRS 17 Insurance Contracts

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