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Description

IFRS 17: Measuring Insurance Contracts, Selecting the Model and Presenting the Accounts

Master the measurement mechanics of insurance contracts and how they translate into the financial statements

  • 2 days — 14 h
  • In-person or virtual
  • Expert
  • Up to 6 participants

IFRS 17 has fundamentally changed the way insurance accounts are read. Profit no longer emerges as premiums are collected but as the service is delivered. Cash flows must be remeasured at each reporting date and a contractual service margin tracked for each group of contracts using data sets that were never designed to work together.

These two days are intended for professionals already working with the standard. Participants define the scope and the grouping of contracts and then work through the measurement components of the general model. They identify the approaches applicable to short-duration and participating contracts and connect this work to the presentation of the financial statements.

Learning objectives

  • Define the scope of contracts falling within the standard
  • Build groups of contracts and apply the aggregation requirements
  • Determine the measurement components of the general model
  • Track the contractual service margin and its release over time
  • Identify situations calling for the simplified approach or for participating contracts
  • Present the insurance service result and the required disclosures

What makes this programme different

The measurement building blocks are calculated step by step on one group of contracts followed from inception to run-off
Closing entries are reconstructed from actuarial data
An income statement presentation is compared before and after application of the standard

Programme

1Scope and Groups of Contracts

Defining the unit of account before measuring

  • Contracts within scope and components to be separated
  • Level of aggregation and homogeneous portfolios
  • Identifying onerous contracts at initial recognition
  • Contract boundary and cash flows to be included

2General Measurement Model

Building the value of the insurance liability

  • Estimating future cash flows and discounting
  • Risk adjustment for non-financial risk
  • Contractual service margin at initial recognition
  • Updating the components at each reporting date

3Specific Approaches

Adapting the model to the nature of the contracts

  • Eligibility conditions for the premium allocation approach
  • Treatment of direct participating contracts
  • Onerous contracts and the loss component
  • Reinsurance contracts held and symmetry with underlying contracts

4Presentation and Disclosures

Making the accounts readable for users

  • Structure of the income statement and insurance revenue
  • Distinguishing the insurance service result from the insurance finance result
  • Movement tables for insurance liabilities to be disclosed
  • Transition effects and comparability between periods

Who is it for

Accountants and management controllers in insurance undertakings as well as actuaries consolidation specialists and auditors working on technical accounts.

Prerequisites

Familiarity with IFRS principles and with how insurance contracts operate.

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.