IFRS 17 can seem complicated at first. It introduces new rules for accounting for insurance contracts, with detailed requirements for measuring liabilities, recognising profit, and grouping contracts. But the underlying concepts become much easier to understand when you break them down into smaller pieces.
That's exactly what this course aims to do!
There are 5 chapters in the course:
- The Basics of IFRS 17 (The "What" and "Why")
- Grouping Contracts (The "Level of Aggregation")
- The General Measurement Model (The Core Engine)
- Simplified & Specialised Approaches (PAA and VFA)
- Financial Presentation & Disclosures
There are questions and exercises throughout the course to help you practise your new knowledge.
A few words about the course:
This course introduces the fundamental concepts of IFRS 17, from identifying insurance contracts and grouping them into portfolios to understanding how insurance liabilities and profits are measured. It covers the General Measurement Model (GMM), the Premium Allocation Approach (PAA), and the Variable Fee Approach (VFA), explaining the key ideas behind each approach in an accessible way.
Whether you're an actuary, accountant, finance professional, or simply interested in insurance reporting, this course will help you build a solid foundation in IFRS 17.
Take a look and let us know what you think about the materials!
Start learning IFRS 17