Transition is often viewed as one of the more challenging aspects of delivering IFRS17. With a direct impact on the balance sheet, future profits and tax for insurance companies the choice of which transition approach to use is material.
Various options for transition are available, Fully Retrospective, Modified Retrospective and Fair Value, but deciding which approach to take will be based on a number of factors including systems, data, accounting policies and audit judgement.
This free webinar will discuss the data and system challenges of transition, and will look at how a best-practice, cloud-based, IFRS17 architecture can greatly assist your firm to deliver transition seamlessly and with minimal disruption. We will also look at the lessons learnt for transition with other new IFRS accounting standards.
The agenda will cover:
– Transition methods
– Issues to consider
– Challenges of data
– Best practice systems architecture for transition
– How the Cloud can help
– IFRS17 transition demonstration
Date: 10am UK / 11am Europe on 10th December 2019
Duration: 45 minutes
Attendees: Finance, Actuarial, Risk, IT
We look forward to meeting you.