IFRS 17 for General Insurers
Understand the Technical Challenges of Implementing the new Standard
2018 Key Features
This is a 2-day workshop designed for general insurance professionals. The aim of this workshop is to provide in-depth insight into the International Financial Reporting Standards (IFRS 17) for non-life Insurance contracts.
- Presentation of Financial Statements under IFRS 17
- Premium Allocation Approach for short term products
- Solvency II and Capital management
- Non-Life products with investment components
- Impact of LIC and LRC on the Balance sheet;
- How to educate market participants/stakeholders.
With plenty of time for questions and case studies this workshop allows you to bring back specific and practical insights to your implementation project.
MEET THE 2018 WORKSHOP LEADER:
Sunil Kansal is an acknowledged IFRS expert and Head of Consulting at Shasat. He specializes in the insurance (both life and non-life) and banking sectors. Being a technical subject matter expert in insurance and financial instruments, he manages the accounting, regulatory and other technical issues impacting these industries. He has hands-on experience in assisting institutions such as AIG, Aviva, ABSA, Prudential, Marsh, HSBC, Barclays and many others European organisations. During 2004 and 2005, he worked on a number of IFRS (including IFRS 4 and IAS 39) implementation projects for some of the leading insurance firms in Europe, and then subsequently contributed in the development of phase II of IFRS 4 (IFRS 17) and IFRS 9 through various insurance lobby forums/groups in Europe. Now he is leading a number of IFRS 17 implementation projects.