As we enter the third year of IFRS 17, the insurance and reinsurance sectors are beginning to delve deeper into the value and changes this new era will bring, with a growing focus on performance in addition to accounting and compliance. Organised by the Singapore Reinsurers’ Association (SRA) Accounts Sub-Committee and kindly hosted at the Allianz Training Centre, this seminar will be of great interest to actuaries and insurance professionals who are responsible for IFRS compliant reporting and analysis of new business/performance metrics from IFRS 17 results.
The seminar will focus on the following topics:
- Insights from Year 2 IFRS 17 implementations
- Key challenges and audit focus from an Auditor’s perspective
- Insights into main lessons learned
- Strategic next steps for Year 3 and beyond
- Disclosure and comparability
- Convergence of methodology and approaches, accounting policy choices and judgements, sensitivity analysis
- Observations of approaches and disclosures between Singapore and other IFRS 17 countries
- Interpretation and communication of IFRS 17 business/performance metrics
- Shift from compliance and accounting to performance measurement
- Actuarial perspectives and insights
- What’s next after IFRS 17?
- Introduction to IFRS 18 and how it applies to the reinsurance sector
Agenda:
2.00 – 2.15pm Registration and arrival of the participants
2.15 – 2.30pm Welcome and Introductions by Ms Sabrina, Convenor, ASC
2.30 – 3.00pm Part 1 – Insights from Year 2 implementation and what’s next after IFRS 17 (Speaker: Mr Vincent Teo, Partner at PwC Singapore)
3.00 – 3.30pm Tea/coffee break
3.30 – 4.00pm Part 2 – IFRS 17 business/performance metrics (Speaker: Ms Mariette Thulliez, PartnerRe Asia)
4.00 – 4.45pm Panel discussion and Q&A
4.45 – 5.00pm Closing Remarks by Ms Jeslyn Tan, SRA Executive Director and Networking
