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    More than 30,000 professionals make up the ecosystem of Cetif: we facilitate the meeting and exchange between banks, insurers and companies in an academic Center, competent and independent environment to share knowledge, experience and strategies on the most innovative drivers of change.

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  • Research

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Academy
Advisory
academy

Accounting standards and management impacts

IFRS 17 and Solvency II
1-4 DAYS DUAL MODE
May 25 and June 6-7-8, 2022
Request information
Early-bird
-100.00 Euro
With enrollment by
24.04.2022
Closing Date for Enrollment: 11.05.2022
Date
May 25 and June 6-7-8, 2022
Industry
BANKING, INSURANCE
Subject areas
Risk management, accounting & actuarial science
Language
Italian
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Registration fee
Adherent Cetif
1,400.00+VAT*
Non-Adherent Cetif
1,600.00+VAT*
*Quota per participant
Discounts and economic benefits
To whom it is addressed

Managers working in the insurance industry, particularly those working in the areas:

  • Finance
  • Administration
  • Risk Management
  • Actuarial
Formative Objectives.
  • Delve into innovations regarding international accounting standards applied to insurance companies with particular reference to innovations regarding the introduction of IFRS 17 and the related IFRS 9. IFRS 17 is analyzed in close connection with the Solvency II framework.
The format

Dual Mode: choice of classroom or distance participation

Innovative and effective teaching techniques geared toward the transfer of knowledge and behavior through:

  • theoretical lectures
  • moments of consolidation and critical revision of content
  • classroom exercises
  • simulations
  • use case and benchmark

Course Schedule.

  • The valuation of technical provisions in Solvency II.
    • Best estimate: Future cash flows
    • Best estimates: The structure of discount rates
    • Best estimates: focus on volatility adjustment and the debate on revising the mechanism
    • Risk margin
    • Non-life and life technical reserves 
  • IFRS 17: The valuation of technical provisions and gap analysis with Solvency II
    • Introduction to IFRS 17
    • The valuation models of the IFRS
    • BBA: basic model
    • BBA: variable fee approach
    • Contractual service margin
    • BBA vs. Best estimate + Risk margin (IFRS 17 vs. Solvency II)
    • Premium allocation approach
    • IFRS 17: the outstanding issues ahead of the endorsment of the standard
    • IFRS 17: gestional impacts
  • The correlation between IFRS 9 and IFRS 17 in the non-life and life business
    • IFRS 9 and business model
    • Coordination between IFRS 9 and IFRS 17
    • residual accounting mismatches arising from IFRS 17 + IFRS 9
  • IFRS 17: The new income statement
    • The presentation in the financial statements (SP and CE) with emphasis on the recognition of economic effects regarding instruments
    • Financial and insurance contracts.
    • The disclosure required by IFRS 9, IFRS 17 and Solvency II.
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