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DTSTART;TZID=Europe/Moscow:20260505T160000
DTEND;TZID=Europe/Moscow:20260505T180000
DTSTAMP:20260419T010419
CREATED:20251222T190216Z
LAST-MODIFIED:20251222T191905Z
UID:10003256-1777996800-1778004000@www.icpak.com
SUMMARY:IFRS 17: Insurance Contracts webinar
DESCRIPTION:INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nIFRS 17: Insurance Contracts\nDate: 5th May 2026\nTime: 4:00 Pm – 6:00 Pm\nMode Of Delivery: Virtual \nOverview \nWhile 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. \nThe 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. \nThe 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. \nThe webinar will highlight key aspects of IFRS 17 relating to the following: \nInsurance Contract Grouping and Profitability Assessment\n• Annual cohort requirements and portfolio segmentation\n• Identification of onerous and profitable groups\n• Implications for performance reporting \nDiscounting Techniques and Financial Assumptions\n• Selection of discount rates and yield curves\n• Treatment of liquidity characteristics\n• Impact of interest rate movements on insurance liabilities \nRisk Adjustment Methodologies\n• Approaches to quantifying non-financial risk\n• Confidence level versus cost of capital techniques\n• Disclosure and governance of risk margins \nContractual Service Margin (CSM) Management\n• Initial recognition and unlocking of the CSM\n• Treatment of experience adjustments\n• Presentation of CSM movements in financial statements \nReinsurance Contracts Held\n• Recognition and measurement of reinsurance assets\n• Loss-recovery components\n• Treatment of expected credit losses \nPresentation and Performance Analysis\n• New performance metrics under IFRS 17\n• Analysis of insurance service result versus finance result\n• Key ratios used by management and analysts \nTransition Strategy and Data Governance\n• Practical approaches to managing data gaps\n• Internal controls over transition adjustments\n• Documentation and audit trail requirements \nTechnology and Systems Enablement\n• Systems integration for actuarial and finance data\n• Use of automation in closing and reporting cycles\n• Managing parallel run environments \n Target Audience \nThis webinar will be useful to all professional Accountants.  \nContinuous Professional Development Units (CPD UNITS): \nMembers of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the webinar. \nFinancial Commitment \nThe webinar charges are Kshs. 1\,000. Charges will cater for online video access fees\, learning materials\, and e-certificates of attendance. \nOnline Booking \nRegistration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking \nWe 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. \nNational Industrial Training Authority (NITA) 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 +254 719 074 000\, or via email to marketing@icpak.com
URL:https://www.icpak.com/event/ifrs-17-insurance-contracts-webinar/
LOCATION:Virtual Delivery
CATEGORIES:Webinars
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