IFRS 17: Introductions, objectives, and background 

Training agenda:

1. IFRS 17: Introductions, objectives, and background

1.1.  Objectives

1.2.  Difference between IFRS 17 and IFRS 4

1.3.  IFRS 17 Global survey results

2. Scope and definitions

2.1.  IFRS 17 scope exclusions

2.2.  Identifying insurance contracts and insurance risk

2.3.  Separating components from insurance contracts

3. Level of aggregation

3.1.  Identifying portfolios

3.2.  Identifying groups

3.3.  Onerous contracts

4. Recognition, modification and derecognition

5. Measurement: initial recognition, subsequent measurement

5.1 General Measurement Model approach (GMM):

5.1.1 Estimates of future cash flows.

5.1.2 Adjusting for the time value of money and financial risk

5.1.3 Adjusting for non-financial risk

5.1.4 Contractual Service Margin

 5.2. Premium Allocation Approach and eligibility criteria

6. Transition

6.1 Methods for transition to IFRS 17

6.2 Retrospective application of IFRS 17

6.3 Modified retrospective application of IFRS 17.

6.4. Fair value approach

7. Presentation in financial statement

7.1 Presentation in the statement of financial position

7.2 Recognition and presentation in the statement of financial performance

7.2.1. Insurance revenue

7.2.2. Insurance service expenses

7.2.3 Insurance finance income and expenses

7.3 Transitional disclosures

7.4. Disclosure of significant judgments

Date: 04 April 2024

Time: 09:00 - 13:00

Venue: 8th floor, Baku White City Office Building, 25E 8 November avenue, Baku Azerbaijan

Attendance is free of charge.