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X-ORIGINAL-URL:https://www.icpak.com
X-WR-CALDESC:Events for ICPAK
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TZID:Europe/Moscow
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TZOFFSETFROM:+0300
TZOFFSETTO:+0300
TZNAME:MSK
DTSTART:20260101T000000
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BEGIN:VEVENT
DTSTART;TZID=Europe/Moscow:20260715T090000
DTEND;TZID=Europe/Moscow:20260917T161500
DTSTAMP:20261020T101802
CREATED:20260103T213538Z
LAST-MODIFIED:20260917T130629Z
UID:10003311-1784106000-1789661700@www.icpak.com
SUMMARY:INSURANCE AND BANKING SECTOR CONFERENCE (virtual option)
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under Accountants Act\, Laws of Kenya) \nINSURANCE & BANKING SECTOR CONFERENCE\nTheme: Driving Financial Resilience\, Market Adaptation and Reporting Excellence in Kenya’s Financial Services Sector\nDate: 15th -17 July 2026\nTime: 09.00am-03.30pm\nVenue: Virtual Delivery \nOVERVIEW \nThe banking and insurance sectors remain key pillars of Kenya’s economic growth and financial stability. However\, the operating environment continues to evolve rapidly due to changing regulatory requirements\, economic uncertainties\, technological disruption\, increasing customer expectations\, and emerging risks. Financial institutions are therefore required to strengthen their financial reporting frameworks\, enhance risk management practices\, maintain adequate capital levels\, and leverage innovation to remain competitive and resilient. \nThe implementation of major reporting standards such as IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments continues to reshape financial reporting across the sector. While significant progress has been made\, institutions continue to face challenges relating to data quality\, systems integration\, actuarial modelling\, expected credit loss calculations\, and evolving regulatory expectations. At the same time\, boards and management are under increasing pressure to improve governance structures\, strengthen internal controls\, and provide transparent and decision-useful information to stakeholders. \nTechnological innovation is also transforming the financial services landscape. The growth of digital banking\, mobile financial services\, fintech and Insurtech solutions\, artificial intelligence\, and advanced data analytics is creating new opportunities for operational efficiency\, customer engagement\, and financial inclusion. However\, these developments also introduce emerging risks relating to cybersecurity\, data governance\, operational resilience\, and regulatory compliance. \nFurther\, the sector continues to play a critical role in advancing financial inclusion and supporting economic development. Despite the significant progress achieved in expanding access to financial services\, institutions must continue developing innovative products and delivery channels that meet the needs of underserved populations while maintaining sound risk management practices. \nAgainst this backdrop\, the Institute has organized the Insurance & Banking Sector Conference 2026 to provide a platform for regulators\, practitioners\, accountants\, auditors\, actuaries\, risk professionals\, policy makers\, and industry leaders to discuss emerging developments\, share practical experiences\, and explore strategies for enhancing financial reporting\, institutional resilience\, governance\, innovation\, and sustainable growth within the financial services sector. \n The conference will explore the following thematic areas: \n\nEconomic Outlook\, Regulatory Developments and Sector Resilience\n\n\nEmerging economic and regulatory developments affecting banks and insurers\nPrudential supervision and compliance expectations\nBuilding resilience in an increasingly uncertain environment\n\n\n IFRS 17: Implementation Progress and Emerging Challenges\n\n\nLessons learned from implementation\nContractual Service Margin (CSM)\, actuarial and systems considerations\nFinancial reporting implications and regulatory expectations\n\n\n IFRS 9 and Credit Risk Management\n\n\nExpected Credit Loss (ECL) modelling and impairment challenges\nCredit risk management in a changing economic environment\nEmerging implementation and regulatory developments\n\n\nCapital Adequacy\, Solvency and Reinsurance Strategies\n\n\nCapital adequacy and solvency requirements\nStress testing and capital optimization\nStrategic use of reinsurance for risk mitigation and financial resilience\n\n\nAdvancements in Actuarial Valuation and Risk Modelling\n\n\nEmerging actuarial techniques and innovations\nPredictive modelling and insurance risk assessment\nPractical insights from industry\n\n\nDigital Transformation\, Fintech and Artificial Intelligence\n\n\nAI applications in banking and insurance\nFintech and Insurtech innovations\nData analytics and automation in financial reporting and decision-making\n\n\nCybersecurity\, Data Governance and Operational Resilience\n\n\nEmerging cyber risks and threat management\nData governance and protection requirements\nStrengthening operational resilience and business continuity\n\n\nAnti-Money Laundering Considerations for Banking & Insurance Sectors\n\n\nAnti-Money Laundering and Automatic Exchange of Financial Information updates\nAML Regulatory framework updates\nKenya’s Grey-Listing -Causes and your role in supporting getting Kenya out of Grey Listing\nAML Compliance Challenges-Politically Exposed Persons\, Beneficial Ownership\, Due Diligence\nForeign Account Tax Compliance Act (FATCA) obligations\nCommon Reporting Standards (CRS) Obligation\n\n 9. Digital transformation in insurance and banking in Kenya \n\nThe rise of mobile money and fintech\nDigital banking platforms\nInsurtech: digital insurance distribution models\nPractical use cases of AI\n\n 10. Feedback from 2025 Financial Reporting (FiRe) Award for Banking & Insurance Sectors \n\nAreas of notable improvement\nMajor areas of non-compliance\nWay Forward\n\nTARGET AUDIENCE: \nBanking professionals\, Insurance professionals\, Chief Internal & Risk Managers\, CEOs\, Senior Management\, Aspiring bankers and insurance professionals\, Members of Board of Directors of corporations\, Business Owners and Entrepreneurs\, \nFINANCIAL COMMITMENT: \n\n\n\nCategory\nCharges Physical \nVirtual \n\n\nAssociate Members\nKes 40\,000 per Delegate\nKes. 15\,000\n\n\nFull Members\nKes. 45\,000 per Delegate\nKes. 15\,000\n\n\nNon-Member\nKes. 50\,000 per Delegate\nKes. 15\,000\n\n\n\nCONTINUOUS PROFESSIONAL DEVELOPMENT UNITS: \nMembers of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the seminar. \nONLINE BOOKING: \nWe call on all participants to note that booking is available only online at www.icpak.com/events and it will close two hours before the training session.  Delegates are reminded to note that online booking for training sessions is MANDATORY.   This is available either online at www.icpak.com/events \, you can also reach us through marketing@icpak.com \nNATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT: \nThe Institute is registered as a trainer with the 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) \nFurther requests can be channeled to us via telephone calls on +254 719 074 100\,  or via email to marketing@icpak.com. \nWe encourage members to regularly visit our website https://www.icpak.com for updates.
URL:https://www.icpak.com/event/insurance-and-banking-sector-conference-virtual-option/
LOCATION:Virtual Delivery
CATEGORIES:Local Seminars,Past Virtual Events,Virtual Symposiums
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DTSTART;TZID=Europe/Moscow:20260722T090000
DTEND;TZID=Europe/Moscow:20260724T153000
DTSTAMP:20261020T101802
CREATED:20260103T220359Z
LAST-MODIFIED:20260616T072640Z
UID:10003312-1784710800-1784907000@www.icpak.com
SUMMARY:SACCO SECTOR CONFERENCE 2026
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nSACCO SECTOR CONFERENCE 2026\nTheme:\nDate: 22nd -24th July 2026 \nTime: 9.00-15.30\nVenue: Sarova Imperial -Kisumu \nOVERVIEW: \nThe Savings and Credit Cooperative (SACCO) sector continues to play a pivotal role in advancing financial inclusion\, mobilizing savings and providing affordable access to credit for a significant proportion of the Kenyan population. This contribution is particularly evident in rural communities\, where SACCOs have substantially improved access to essential financial services for individuals who would otherwise remain underserved by conventional banking institutions. By offering accessible savings and credit facilities\, SACCOs have empowered ordinary citizens\, fostered economic participation and promoted socio-economic development at the grassroots level. \nHowever\, the SACCO sector has historically faced several challenges\, including weak governance structures\, inadequate capitalization\, non-compliance with financial reporting standards and emerging sustainability requirements. These challenges have constrained the sector’s ability to fully realize its potential as a catalyst for the socio-economic empowerment of its members. The recent events involving the Kenya Union of Savings and Credit Cooperatives (KUSCCO) serve as a stark reminder of the consequences of governance failures within the sector. The scandal\, which resulted in substantial financial losses for participating SACCOs and their members\, significantly eroded stakeholder confidence and underscored the far-reaching implications of poor governance on the stability of the financial sector and the broader economy. \nThese developments underscore the urgent need to strengthen governance frameworks\, enhance oversight mechanisms\, and foster a renewed commitment to accountability\, transparency and prudent financial management within SACCO institutions. In response to the governance and operational weaknesses exposed by these failures\, the SACCO Societies Regulatory Authority (SASRA) and the Central Bank of Kenya (CBK) have intensified regulatory requirements and supervisory oversight aimed at safeguarding members’ deposits\, promoting sound corporate governance practices and enhancing the financial resilience and stability of SACCOs. These measures are intended not only to restore public confidence in the sector but also to ensure that SACCOs operate in a safe\, sustainable and member-centric manner. \nOn a positive note\, the Financial Reporting (FiRe) Award 2025 provided valuable insights and learning opportunities for the SACCO sector. Several SACCOs distinguished themselves by demonstrating exemplary practices in financial reporting\, corporate governance and sustainability. These institutions exhibited strong adherence to International Financial Reporting Standards (IFRS) while integrating Environmental\, Social\, and Governance (ESG) principles into their strategic and operational frameworks\, thereby enhancing transparency\, accountability\, and stakeholder confidence. \nImportantly\, the FiRe Award also brought to the fore critical issues affecting the sector’s compliance landscape and operational effectiveness. Among the key challenges identified were weaknesses in governance structures\, inadequate capitalization\, technological deficiencies and increasing incidences of fraud. These findings underscore the need for SACCOs to strengthen institutional governance\, invest in digital transformation\, enhance internal control systems and adopt sustainable business practices to improve resilience\, maintain regulatory compliance and safeguard member interests. \nThe SACCO Sector Conference 2026\, therefore\, presents a timely and strategic platform for stakeholders to critically reflect on the prevailing challenges confronting the sector while jointly exploring emerging opportunities for innovation\, resilience and sustainable growth. By fostering meaningful dialogue and collaboration among key actors\, the conference seeks to strengthen the capacity of SACCO leaders\, practitioners and members to effectively navigate the evolving financial landscape. Ultimately\, it aims to enhance institutional adaptability\, reinforce sector relevance and secure the long-term sustainability and competitiveness of SACCOs in a rapidly changing economic environment. \nThe following topics will be covered in the conference: \n\nKeynote address from SASRA\nSACCO Regulatory Compliance Framework: Understanding the legal and regulatory framework governing SACCOs in Kenya.\nRegulatory roundtable -SASRA\, CBK and other relevant regulators.\nOverview of new guidance and advisories issued by SASRA & ICPAK.\nGovernance & Ethical Leadership: Enhancing good governance structures for effective oversight\, compliance and ethical leadership.\nCross-cutting and recurring issues emanating from the audit of SACCOs.\nFiRe Award feedback and participation by SACCOs.\nDigital innovations & financial inclusion: enhancing member-centricity and innovation for effective service delivery to members.\nStrategic partnerships & collaborations: evolving strategic partnerships with fintechs\, banks\, insurers and technology providers to diversify service offerings.\nCybersecurity and data protection: Compliance with obligations under the Data Protection Act and regulations and address potential cyberattacks and fraud schemes.\nSustainability and Climate Change: Readiness for implementation of IFRS S1 & S2 by SACCOs and way forward.\nData Analytics & Key Tax matters for SACCOs: Leveraging data analytics to support SACCO operations and service provision.\nEmerging & current tax matters for SACCOs.\n Anti Money Laundering: Requirements for Accounting Professionals in the SACCO Sector.\n Stress management & building resilience in the workplace.\n\n TARGET AUDIENCE: \nThe conference is targeted at a wide range of professionals and organizations in the SACCO sector\, including: \n\nSACCO managers\, board members\, and staff\nFinancial regulators (e.g.\, Sacco Societies Regulatory Authority (SASRA))\nPolicy makers in the financial services sector\nSACCO members and their representatives\nDevelopment partners\, NGOs\, and donor organizations involved in financial inclusion\nResearchers and academia focusing on cooperative finance\nTechnology and financial service providers offering digital solutions for SACCOs\n\nFINANCIAL COMMITMENT: \n\n\n\nCategory\nCharges Physical \n\n\nAssociate Members\nKes 40\,000 per Delegate\n\n\nFull Members\nKes. 45\,000 per Delegate\n\n\nNon-Member\nKes.50\,000 per Delegate\n\n\nAccommodation\nDelegates are advised to make own travel and accommodation arrangements\n\n\n\n**Charges will cater for daytime meals\, conference giveaways\, learning materials\, and certificates of attendance.  \nCPD UNITS \nMembers of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all sessions. \n  \nONLINE BOOKING: \nWe call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session.  Delegates are reminded to note that online booking for training sessions is mandatory.   This is available either online at www.icpak.com/events  or on the ICPAK Live – A smart phone-based application that is available from google store. \nNITA REIMBURSEMENT: \nThe 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). \nFurther requests can be channeled to us via telephone calls on +254 719 074 100\,  or via email to  marketing@icpak.com. \nWe encourage members to regularly visit our website https://www.icpak.com for updates.
URL:https://www.icpak.com/event/sacco-sector-conference-2026/
LOCATION:Sarova Imperial Hotel\, 59963\, Nairobi\, 00200\, Kenya
CATEGORIES:Local Seminars
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