IFRS 17 requires that risks inherent in the cash flows of the insurance contracts are considered in measurement, differentiating between financial risks and non-financial risks. While the financial risks are measured at their current (estimated) market value, non-financial risks are measured at “the compensation that the entity requires for bearing the uncertainty about the amount and timing of the cash flows that arises from non-financial risk”.
Identifying the uncertainties, for both amount and timing, factors influencing the uncertainties like random deviations or changes of risk over time and differentiating between financial and non-financial risk for quantifying the risk and identifying the entity-specific risk aversion for associating a value to the estimated quantity of risk demands a deep understanding of the concepts of IFRS 17.
Join this upcoming training! We will explain the objective and guidance of IFRS 17 regarding the measurement of risk arising from insurance contracts and presentation and disclosure issues. The session will not discuss technical issues of estimating distribution functions or applying risk adjustment techniques, i.e. it is as well suitable for accountants intending to enhance their understanding of the guidance for risk adjustments.
Your early-bird registration fee is € 150.00 plus 19% VAT for bookings by 10 January 2024. After this date, the fee will be € 205.00 plus 19% VAT.