Eight Private Members Club, 1 Change Alley, London EC3V 3ND
The new standard for insurance contract accounting, IFRS17 will become active from January 2021 and will replace IFRS4. The standard will be complex with fundamental differences concerning current accounting in both liability measurement and profit recognition. The financial and operational implications of IFRS17 will require changes in insurers’ accounting practices and will provide a major challenge for much of the industry. There are, however, opportunities to optimise adoption, both operationally and in terms of financial performance.
The principles underlying the new standard are broadly in line with current practices, however, the detailed requirements are different and the changes will re-shape primary statements and alter financial disclosures requiring new methods of data gathering and maintenance.
Join us at our complimentary IFRS 17 Breakfast Briefing and hear about the forthcoming changes and how technology can be instrumental in providing a solution.
8.00 a.m. Registration & coffee
8.20 a.m. Millennium Affine – Introduction to IFRS17: the challenges ahead
8.40 a.m. Legerity – IFRS17 Accounting Solution
9.00 a.m. Regulatory Software – IFRS17 regulatory reporting
9.20 a.m. Millennium Affine – delivering the IFRS17 solution
9.40 a.m. Q&A
10.00 a.m. Close
Obtain a competitive advantage by learning about the looming IFRS17 challenge and discover practical solutions to achieve compliance whilst delivering valuable business benefit.
To register CLICK HERE