Asset Liability Management for Insurance Industry

Master IFRS 17-Era ALM: Cash Flows, Risk, SAM/Solvency II Regulation, and Practical Case Studies

Platform:

Online

In-class

Date	Venue	Duration
12-16 October 2026	Sandton, Gauteng	5 Days

Course Introduction

Prospen Africa’s Asset Liability Management for Insurance Industry programme has been designed to discuss concepts and case studies on Asset Liability Management (ALM) for the insurance industry. The course covers ALM concepts such as cash flows and risks of insurance products (assets and liabilities), applicable regulatory and capital guidelines, case studies, and current trends and developments. The workshop is both conceptually sound

This course delivers both conceptual grounding and hands-on, practical application throughout.

Course Objectives

Attend this comprehensive training programme to:

Benchmark your institution by examining ALM success factors
Understand key performance indicators for ALM and Risk Management
Gain practical insights into how leading institutions are utilising ALM for value creation
Examine how cash flows and risks of insurance products affect ALM, including the impact of IFRS 17
Discuss global and South African best practices in ALM, including SAM (Solvency Assessment and Management)
Provide optimal oversight of the Risk Management function

Who should attend?

ALCO Members
Asset Liability Managers
Liquidity Managers
Non-Executive Directors
Audit Committee and Risk Committee Members
Chief Risk Officers of Insurance Companies and Asset Management Companies
Treasurers and Treasury Management
Chief Financial Officers
Finance Managers and Financial Controllers
Management Accountants and Treasury Analysts
Financial Accountants
Insurance Industry Regulators
Pension Fund Managers
Investment Professionals
Budgeting and Planning Executives

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Day 1: Overview of Asset-Liability Management (ALM)

Module 1: Introduction to ALM

Key terms; ALM defined
Benefits and limitations of ALM
On and off-balance sheet risks

Module 2: Applicable Regulations in the Insurance Industry

Introduction to insurance regulation, and regulatory measures
Capital regulation and future advances
Solvency II requirements (EU framework)
South Africa's Solvency Assessment and Management (SAM) framework — broadly aligned with, but not identical to, Solvency II and IFRS 17

Module 3: Composition of the Asset-Liability Portfolio for Insurers

Asset portfolio and liability portfolio
Balance sheet optimisation and ratios

Day 2: ALM Model Components — Pillar I

Module 4: Overview of the ALM Model Components (Pillar I to Pillar III)

Pillar I: ALM Organisation
Pillar II: ALM Management Process and Measurement Tools
Pillar III: ALM Information Systems

Module 5: Pillar I: ALM Organisation

Level of top management involvement
Governance structures and decision-making (Asset-Liability Management Committee, ALCO)
ALM role-players
Link between ALM and Enterprise Risk Management
Link between ALM and Capital Management

Day 3: Pillar II & III — Process, Measurement, and Hedge Accounting

Module 6: Pillar II: ALM Process and Measurement Tools

The ALM process
Measurement tools: yield curve analysis, interest gap analysis, simulation and scenario analysis, duration analysis, and other tools

Module 7: Pillar III: ALM Information Systems

Management information systems, data quality, and reporting

Module 8: Hedge Accounting

Hedged items and hedging instruments under IFRS 9, General Hedge Accounting — the current operative standard, which replaced IAS 39 for most entities
Background: the previous IAS 39 approach, retained here for historical context and legacy comparisons
Cash flow hedges and fair value hedges
Hedges of a net investment in a foreign operation
New hedge accounting model and changes from the IAS 39 approach
Risk management objective and hedge strategy
Hedge effectiveness requirements
Hedge ratio: measurement, adjustments, rebalancing
Discontinuance of hedge accounting

Day 4: Implementation and Interpretation of Relevant IFRS Standards

Module 9: IFRS 17, Insurance Contracts

Effective 1 January 2023, replacing IFRS 4 as the primary accounting standard for insurance contracts — a fundamental change directly affecting ALM practices, risk exposure, capital requirements, and strategic capital planning
The General Measurement Model, Premium Allocation Approach, and Variable Fee Approach
Contract boundaries and their impact on measurement of insurance liabilities, capital, and solvency
Discount rate determination and its interaction with Solvency II/SAM and existing embedded value reporting
Interaction between IFRS 17 and South Africa's SAM framework

Module 10: IFRS 9

Classification of financial instruments
Treatment of financial assets, including equity instruments
Treatment of financial liabilities

Module 11: IFRS 10

Control, power, variable returns
Substantive and protective rights
Reviewing shareholders' agreements and identifying salient points
De facto control: dispersion of shareholdings
Decision makers: principal or agent?
Definition of Investment Entity: the three requirements
Business purpose and exit strategy
Investment entities as subsidiaries and parents
Amendments to IFRS 10, IFRS 12, and IAS 28: investment entities and consolidation exception

Module 12: IFRS 11 & IAS 28

Joint arrangements: joint ventures or joint operations
Consideration of separate vehicles
Joint control and the link with IFRS 10
Accounting for joint ventures: equity accounting
IAS 28 revised: equity accounting
Accounting for joint operations
Equity method in separate financial statements: IAS 27 amendment

Day 5: Other IFRS Considerations and Case Studies

Module 13: Other IFRS Standards Relevant to Insurers

IFRS 14, Regulatory Deferral Accounts
IAS 16 & IAS 38: depreciation and amortisation
IAS 19: discount rate and regional market issues, and treatment of employee contributions
IFRS 3 and IAS 40: businesses and investment properties
IAS 24: related party disclosures, key management personnel service
IAS 34, Interim Financial Reporting: disclosure
IAS 36: recoverable amount disclosures
IAS 16 & IAS 41: accounting for bearer plants
IFRIC 21, Levies

Module 14: Applied Practice

Consolidated case study: applying IFRS 17, IFRS 9, and SAM/Solvency II considerations to a sample insurer's ALM framework
Group discussion: current trends and developments in insurance ALM

Our Categories

View all Course Categories

Success Stories

Discover how our courses enhance professionals’ effectiveness in their workplaces.

uMngeni-uThukela Water

IFRS Updates Trainings

What made the sessions exceptionally helpful was the deliberate focus on actionable strategies rather than just high-level concepts. The structured approach kept the content engaging. It was a highly impactful professional development experience.

Telekom Networks Malawi Plc

Financial Analysis, Modelling and Forecasting

It has been a really fruitful and helpful training. Many thanks to PROSPEN AFRICA and the facilitator Olufemi. This is definitely going to make my work life easier and meaningful.

Northam Booysendal Mine

Mastering Payroll Preparation, Analysis, and Management

The course really taught us deep in to Payroll and made us aware of things we were not aware of.

Telekom Networks Malawi PLC

Financial Analysis, Modelling and Forecasting

The training was very insightful and the facilitator was very engaging which made everything easier to understand and follow. It has really equipped us in our areas of lack and we feel confident now on our next assignments on forecasts and analysis

Magalies Water

GRAP training

The course was practical, informative and relevant

View All Reviews

FAQs –Asset Liability Management for Insurance Industry

Master duration matching, cash flow modeling, regulatory capital requirements, and interest rate risk hedging to align asset-liability portfolios and protect solvency in the insurance sector.

What topics are covered in the Asset Liability Management for Insurance course?

The course covers insurance liability structuring, duration and convexity matching, interest rate risk management, Solvency II / SAM capital requirements, dynamic financial analysis (DFA), asset allocation strategies, and cash flow matching techniques.

Who should attend this ALM training program for insurers?

This masterclass is designed for insurance executives, chief risk officers (CROs), actuaries, asset managers, treasurers, investment analysts, and financial regulators overseeing life, non-life, and reinsurance companies.

What are the key learning objectives of this training?

Delegates learn to align asset portfolios with long-term policyholder liabilities, calculate solvency capital requirements, execute balance sheet stress testing, optimize risk-adjusted investment returns, and maintain liquidity under severe claims scenarios.

How long is the Asset Liability Management for Insurance course?

The programme is delivered as an intensive 5-day executive masterclass featuring practical asset-liability modeling workouts, statutory framework reviews, and real-world insurance portfolio case studies.

What practical skills will delegates gain from this masterclass?

Participants will gain hands-on skills in performing gap analysis, constructing liability-driven investment (LDI) portfolios, evaluating interest rate sensitivity metrics, modeling credit risk exposures, and preparing regulatory ALM compliance reports.

Can Prospen Africa deliver this course as customized in-house training?

Yes. Prospen Africa can tailor the training to align directly with your insurer's specific product line (Life, Health, Property & Casualty), internal risk appetite framework, dynamic hedging strategies, and local statutory regulations.

Related Courses

Share this page:

Facebook X (Twitter) LinkedIn WhatsApp Email

View our training calendar to explore available courses, dates, and locations, or request a copy to help you plan your training schedule with confidence.

Consulting

Training & Services

Reliable Shuttle Services

More Courses

More Courses

South Africa

Africa

More Africa

Other Countries

Training Formats

Course Durations

Training Calendar

Training Resources

Consulting

Training & Services

Reliable Shuttle Services

More Courses

More Courses

South Africa

Africa

More Africa

Other Countries

Training Formats

Course Durations

Customised Training Solutions

Training Resources

Asset Liability Management for Insurance Industry

Master IFRS 17-Era ALM: Cash Flows, Risk, SAM/Solvency II Regulation, and Practical Case Studies

Course Introduction

Course Objectives

Who should attend?

Training Methodology

Training Outline

Our Categories

Request a Call Back

Your submission has been successful

Success Stories

IFRS Updates Trainings

Financial Analysis, Modelling and Forecasting

Mastering Payroll Preparation, Analysis, and Management

Financial Analysis, Modelling and Forecasting

GRAP training

FAQs –Asset Liability Management for Insurance Industry

Related Courses