To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
IFRS 17: Insurance Contracts
Date: 5th May 2026
Time: 4:00 Pm – 6:00 Pm
Mode Of Delivery: Virtual
Overview
While organisations have come a long way in implementing IFRS 17 from IFRS 4, there is still a deficiency in understanding technical standpoints, operational impacts, and financial reporting results from these new requirements. There is an increasing need to fill the technical capacity gap in both preparers and users for high-quality, reliable insurance reporting.
The aim is to provide participants with hands-on, yet structured, insight into the essential principles and reporting requirements of IFRS 17. The session will focus on enhancing participants’ ability to identify and account for insurance contracts, apply appropriate measurement models, and prepare compliant financial statements and disclosures. Emphasis will be given to the practical application of the standard, the areas of professional judgment, and how to integrate the actuarial and financial reporting processes to support accurate and transparent reporting.
The webinar will also cover emerging industry practices, common challenges in implementation, and lessons learned from initial reporting periods. Participants will gain insight into how IFRS 17 affects financial performance, balance sheet presentation, and stakeholder communication, with a view to promoting consistent application, improved transparency, and stronger governance in insurance financial reporting.
The webinar will highlight key aspects of IFRS 17 relating to the following:
Insurance Contract Grouping and Profitability Assessment
• Annual cohort requirements and portfolio segmentation
• Identification of onerous and profitable groups
• Implications for performance reporting
Discounting Techniques and Financial Assumptions
• Selection of discount rates and yield curves
• Treatment of liquidity characteristics
• Impact of interest rate movements on insurance liabilities
Risk Adjustment Methodologies
• Approaches to quantifying non-financial risk
• Confidence level versus cost of capital techniques
• Disclosure and governance of risk margins
Contractual Service Margin (CSM) Management
• Initial recognition and unlocking of the CSM
• Treatment of experience adjustments
• Presentation of CSM movements in financial statements
Reinsurance Contracts Held
• Recognition and measurement of reinsurance assets
• Loss-recovery components
• Treatment of expected credit losses
Presentation and Performance Analysis
• New performance metrics under IFRS 17
• Analysis of insurance service result versus finance result
• Key ratios used by management and analysts
Transition Strategy and Data Governance
• Practical approaches to managing data gaps
• Internal controls over transition adjustments
• Documentation and audit trail requirements
Technology and Systems Enablement
• Systems integration for actuarial and finance data
• Use of automation in closing and reporting cycles
• Managing parallel run environments
 Target Audience
This webinar will be useful to all professional Accountants.
Continuous Professional Development Units (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the webinar.
Financial Commitment
The webinar charges are Kshs. 1,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance.
Online Booking
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on interested participants to note that booking for the event is available online at www.icpak.com and will close two hours before the training session.
National Industrial Training Authority (NITA) Reimbursement
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, or via email to marketing@icpak.com
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
