ΠΕΡΙΓΡΑΦΗ

The KPMG Academy offers a seminar on IFRS 17 Insurance contracts and Solvency II, in an effort to keep its clients informed of the particular IFRS and other related regulatory issues. It is expected that the new standard will introduce a comprehensive new accounting model that will give users of financial information a whole new perspective on the financial statements of the insurers. Furthermore, it will put an end to the lack of comparability of the financial statements in the insurance sector. It will also increase transparency about the profitability of new and in-force businesses and will give users additional insight into the financial health of an insurer. It is certain that all insurers will see impacts on their reported numbers, one way or another, whilst it is expected that the implementation of the standard will require substantial effort. 

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

The main objective of this seminar is to provide participants with an insight on the new standard and the relevant legislation, as well as cover practical implementation issues. This seminar also aims to update the participants on the following:

• IFRS 17: Overview
• IFRS 17: scope and measurement model
• IFRS 17: Measurement modifications
• IFRS 17 Insurance Contracts: Disclosures, acquisitions and transition
• Solvency II: Overview and latest updates
• Solvency II: Differences and Similarities with IFRS 17.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This seminar is essential for the Insurance Sector’s CEOs, Financial Controllers, Finance Managers, Finance Directors, Actuarial professionals, Risk Managers, Accountants and Auditors who wish to be informed in regards to this new IFRS standard and legislation. It is also beneficial for professionals in the insurance sector who are involved in the financial statements preparation process and / or the provision of compliance services.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

The teaching methodology combines formal theoretical instruction with reference to examples. The course is intended to be practical, experiential and interactive, hence the participants are encouraged to ask questions. The knowledge to be obtained during the course is intended to be of immediate practical use in the workplace. Hard copies of the power-point presentation will be distributed to the participants.