Module 1
Introduction to IFRS 17
Establish foundation-level knowledge of the standard and its scope. Understand some key definitions of IFRS 17 and how they apply.
Learn how to identify and separate components of insurance contracts under IFRS 17, and understand how recognition works under IFRS 17 as well as the basic principles of the measurement approaches.
Time to complete: approximately 45 minutes
Module 2
Measurement models: non participating
Understand the general approach and each of its components, apply the general approach to basic insurance contracts, and know how to measure an insurance contract using the premium allocation approach.
Time to complete: approximately 45 minutes
Module 3
Measurement models: participating
Understand the characteristics of participating contracts, and how and when to apply the variable fee approach and the indirect participating approach.
Time to complete: approximately 45 minutes
Module 4
Presentation and disclosure
The basic presentation and disclosure of financial statements under IFRS 17.
Learn how revenue is calculated in IFRS 17, apply the presentation requirements to a basic insurance contract, and understand more on the reconciliations disclosed in the financial statements.
Time to complete: approximately 45 minutes
Module 5
Level of aggregation and transition
Understand what the level of aggregation is in IFRS 17 and how to apply the concept. Learn about the transition requirements and the basic requirements for reinsurance accounting. Gain an overview of modifications, transfers and derecognition of insurance contracts.
Time to complete: approximately 45 minutes
Module 6
IFRS 17 in practice: cases
Practical case studies to help develop an understanding of IFRS 17 in practice. Builds on the foundational level of knowledge established in the other IFRS 17 e-learning modules in the series.
Time to complete: approximately 45 minutes
Module 7
Link between IFRS 17 and Solvency II
Learn how you can use your investment in Solvency II to implement IFRS 17.
Time to complete: approximately 45 minutes
