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IFRS 17 Insurance Contracts Certification Training

Join our IFRS 17 Insurance Contracts Training on Implementation 2023. This 2-day online course offers live training programs globally. Enroll now!

Live Online: Total 8 hours - 4 hours a day Self Paced: 2 Hours Video Course 120 Days Access Live Online Self Paced In Person IFRS 17 Insurance Contracts Certification Training
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Overview

This 8-hour IFRS 17 certification course provides a practical and structured understanding of insurance contract measurement, presentation, and implementation under IFRS 17, with a focus on current regulatory expectations and post-implementation challenges. Participants will learn key principles, differences from IFRS 4, and core measurement models including GMM (BBA), PAA, and VFA, along with concepts such as fulfilment cash flows, risk adjustment, and CSM.

Through real-world examples and case studies, the course also covers contract boundaries, reinsurance, disclosures, and profit analysis, equipping participants with the skills needed for effective IFRS 17 reporting, implementation, and communication.

Course Curriculum

  1.  Background, objectives, and core principles of IFRS 17 
  2.  Key differences between IFRS 4 and IFRS 17 
  3.  Global implementation status and 2024–2025 challenges 
  4.  Overview of measurement models: GMM (BBA), PAA, VFA 
  5.  Key post-implementation amendments 
  1.  Components of GMM 
  2.  Fulfilment cash flows and key assumptions 
  3.  Contractual Service Margin (CSM) mechanics 
  4.  Insurance finance income and expenses (IFIE) 
  5.  Treatment of experience variances 
  6.  Illustrative balance sheet and P and L examples 
  1.  Estimation of future cash flows 
  2.  Contract boundaries and data requirements 
  3.  Risk adjustment and assumption changes 
  4.  Acquisition cash flows and recoverability 
  1.  IFRS 17 discount rate principles (top-down vs bottom-up) 
  2.  Locked-in vs current discount rates 
  3.  Yield curve construction challenges 
  4.  Illiquidity premiums and adjustments 
  5.  Impact on CSM and financial results 
  1.  Definition and key principles 
  2.  Methods: cost-of-capital vs confidence level 
  3.  Diversification and aggregation impacts 
  4.  Reinsurance vs direct contract considerations 
  1.  Initial recognition and CSM setup 
  2.  Coverage units and amortisation 
  3.  Loss components and adjustments 
  4.  Investment services under VFA 
  5.  CSM roll-forward and disclosures 
  1.  IFRS 17 financial statements structure 
  2.  Insurance revenue vs premiums 
  3.  Insurance service and finance results 
  4.  Reconciliation tables and profit analysis 
  1.  Portfolios, groups, and annual cohorts 
  2.  Onerous contract grouping 
  3.  Practical implementation challenges 
  4.  Industry trends and regulatory expectations 
  1.  Contract recognition criteria 
  2.  Day-1 CSM and acquisition cash flows 
  3.  Identification and treatment of onerous contracts 
  4.  Loss component and reversal rules 
  1.  Regulatory vs practical constraints 
  2.  Renewal options and cash flow considerations 
  3.  Case examples across insurance lines 
  1.  Use of OCI vs P and L 
  2.  Asset-liability matching considerations 
  3.  Impact on earnings volatility 
  1.  Eligibility criteria and simplifications 
  2.  Liability for remaining coverage (LRC) and incurred claims (LIC) 
  3.  Discounting and risk adjustment 
  4.  Practical examples for short-term contracts 
  1.  Applicability to participating contracts 
  2.  Variable fee mechanics 
  3.  CSM adjustments and financial risks 
  4.  Comparison with GMM 
  1.  Reinsurance held vs issued 
  2.  Risk adjustment differences 
  3.  Contract boundaries and CSM treatment 
  4.  Gain-on-buy and loss recovery components 
  1.  Transition approaches: full, modified, fair value 
  2.  Post-implementation challenges 
  3.  Systems integration and data requirements 
  4.  Finance–actuarial collaboration 
  5.  Lessons from recent IFRS 17 reporting 
  1.  GMM modelling (cash flows, RA, CSM roll-forward) 
  2.  PAA and VFA case studies 
  3.  Reinsurance modelling scenarios 
  4.  OCI vs P and L impact analysis 
  5.  Aggregation and discounting exercises 
  1.  Excel-based IFRS 17 models (GMM, PAA, VFA) 
  2.  Reinsurance modelling tools 
  3.  System workflow: actuarial engine to reporting 
  4.  Interpreting outputs and disclosures

Prerequisites

  1. Basic understanding of accounting, finance, or insurance concepts is recommended 
  2.  Suitable for finance professionals, accountants, actuaries, auditors, and insurance practitioners
  3.  Prior exposure to IFRS standards or financial reporting is beneficial but not mandatory 
  4.  Familiarity with insurance operations or actuarial concepts is an advantage 
  5.  Open to both intermediate and experienced professionals looking to deepen IFRS 17 knowledge 
  6.  Willingness to engage in practical exercises, case studies, and discussions

Who Should Attend

  1. This course is designed for those who wish to learn about the critical technical differences between the accounting and reporting requirements of existing IFRS 4 (and industry practice) and IFRS 17.
  2. It will be highly relevant to finance, risk, and actuarial team members preparing for the changes in insurance contract accounting practice.
  3. The course is designed for executive officers, industry controllers, analysts, actuaries, auditors, and finance professionals who wish to gain a working knowledge of this large new standard.

The Exam

Certification and Exam

  1. 20 questions
  2. A Passing Score: 75% (15 out of 20 questions)
  3.  Objective-type questions related to the training syllabus
  4. Two attempts to pass

Benefits

  1. Gain in-depth expertise in IFRS 17, one of the most complex and impactful accounting standards in the global insurance industry 
  2.  Develop the ability to interpret and apply IFRS 17 measurement models, reporting, and disclosure requirements
  3.  Support regulatory compliance, financial transparency, and accurate insurance reporting across jurisdictions 
  4.  Build specialized skills in insurance accounting and financial reporting, highly valued by insurers and reinsurers 
  5.  Enhance professional credibility and career growth with in-demand IFRS 17 expertise 
  6.  Access opportunities in roles such as financial reporting specialist, finance manager, IFRS consultant, and audit professional
  7.  Stand out in insurance, audit, and consulting sectors with advanced technical knowledge 
  8.  Unlock higher salary potential and premium compensation packages compared to general accounting roles 
  9.  Benefit from greater job security due to high demand and limited IFRS 17 expertise 
  10.  Increase long-term earning potential and career advancement opportunities
  11.  Strengthen decision-making and analytical capabilities in complex financial environments 
  12.  Improve global employability across multinational insurers and consulting firms 
  13.  Position yourself as a trusted expert in IFRS 17 reporting and compliance

About Trainer

He is a seasoned finance and insurance professional specializing in IFRS standards, financial reporting, and insurance accounting, with extensive experience in IFRS 17 implementation and advisory. He has worked with insurers, auditors, and consulting firms to support regulatory compliance, reporting transformation, and system integration projects.

He is known for his practical, application-focused training approach, combining real-world case studies, industry insights, and hands-on exercises to help participants understand complex IFRS 17 concepts and apply them effectively in professional settings.

Learning Outcomes

  1. Showcases strong expertise in IFRS 17 standards and application
  2.  Enables professionals to effectively manage complex insurance accounting and reporting requirements
  3.  Strengthens professional credibility for career advancement and client-facing roles 
  4.  Prepares participants to handle real-world IFRS 17 scenarios with confidence
  5.  Earn an in-house certification validating IFRS 17 proficiency

Student Reviews

"Appreciate that the end to end perspectives from the reporting requirements were covered."

R
Raja Srinivasan
CFO, t'azur Takaful Insurance

"The trainer is very knowledgeable and experienced in terms of the subject and he is able to clarified for what I have asked him during the class. All subjects discussed were very useful."

N
Naji Sfeir
Financial Controller, MetLife Lebanon

"Learning about IFRS 17 group contracts aggregation with interaction was most useful. Very interesting training and the argument well explained with pertinent examples."

S
Steyo Archille Bogning
Actuary, Complementary Worker on Behalf of GSK

"Thanks for covering reinsurance module. The topic is little tough and will require assistance for the company to be ready for implementation. The trainer has explained the modules is a simplified manner."

G
Graziella Cupidon-Singh
Manager - Group Business & Alliances, Afri Life Insurance Ltd

Frequently Asked Questions

No difference in the content. In self paced course, you will have eLearning course access with pre-recorded lectures, training materials, solved examples and certification assessment. And, with live training option, you will join Zoom meeting and attend interactive training session.

Yes, there will be an assessment of 20 questions based on the training topics at the end of the course, you will have to score 75% to pass.

You will get 2 attempts.

Sure, you can watch the recordings of the sessions you cannot attend and get back to us if you have any doubts to clear.

Yes, you will be able to pay the course fees in instalments. Reach out to [email protected] to see the options available to you.

Group discounts are available to groups of more than three candidates. You can get up to 20% discount depending on the number of participants.

Yes, if you notify at least 24 hours in advance before the 1st class of the training and there is an availability in a different batch then you will be able to switch your start date.

Our courses are designed to provide high quality learning and outcomes that exceed expectations. If for some reason your expectations are not met. You will be given a refund in accordance with our 100% satisfaction policy.

You will receive meeting login for Zoom live classes and training materials.

You will get access to the learning portal and certification exam voucher via email.

All the participants will be added to WhatsApp group. You can clarify doubts at any time via WhatsApp or email.

a) Includes hands-on exercises and case studies for GMM, PAA, VFA and reinsurance. b) Covers practical implementation challenges, operationalization, and data gaps. c) Includes our own certification assessment with two attempts.

Yes, we focus on real-world examples, practical current issues, actuarial modelling challenges and implementation lessons from insurance companies.

Yes, participants will go through exercises covering GMM, PAA, VFA, reinsurance, discounting, CSM roll-forward and OCI impact analysis.

Basic familiarity with IFRS and insurance accounting is helpful, but the course is designed to guide beginners through advanced topics step by step.

The assessment is designed to test practical understanding and application of IFRS 17 concepts covered in the course. With full participation, most participants pass on the first attempt.

Yes, participants receive a digital certification immediately upon successfully completing the assessment.

No, our in-house certification is valid indefinitely, demonstrating your IFRS 17 expertise. While not mandatory, refresher training every 2-3 years is recommended to maintain skills and compliance.

We offer flexible delivery options including live online sessions, self-paced learning and in-person workshops (depending on requirement).

Yes, our trainers are industry professionals with hands-on IFRS 17 implementation experience.

Yes, participants receive comprehensive slides, examples, and reference notes aligned with recent updates.

Yes, we provide mentorship, doubt resolution and guidance for assessment preparation.

The course is modular, typically delivered over 8 hours depending on depth and practical exercises.

Yes, case studies and exercises are derived from real IFRS 17 scenarios including life, health and general insurance contracts.

Yes. The online training is accessible worldwide.

Live Class Schedules

Self Paced Learning

Duration: 2 Hours Video Course 120 Days Access
Access: Online, anytime
Certificate on completion
$199.00 $299.00
Minimum 5 participants required — email us at info@graspskill.com

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Corporate in-house programs or open events — write to us at info@graspskill.com

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Upcoming Schedules

Date Time Duration Mode Price Action
09:00 - 13:00 Kolkata (UTC+5:30) Total 8 hours - 4 hours a day Live Online $399.00 $299.00

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