IFRS 17 Implementation and Reporting Workshop

IFRS 17 Implementation and Reporting Workshop

Master IFRS 17 Implementation and Reporting for Insurance Contracts

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Platform:
Online
In-class
Date Venue Duration
16 - 20 November 2026 Sandton, Gauteng 5 Days
18 - 22 January 2027 Sandton, Gauteng 5 Days
01 - 05 March 2027 Sandton, Gauteng 5 Days
12 - 16 April 2027 Sandton, Gauteng 5 Days
31 May - 04 June 2027 Sandton, Gauteng 5 Days

Course Introduction

IFRS 17 represents one of the most significant changes to insurance contract accounting in decades, fundamentally altering how insurers report, measure, and disclose their financial results. This intensive 5-day training course provides a comprehensive, practical journey through IFRS 17, covering all key concepts, measurement models, revenue recognition, and integration with related standards such as IFRS 9, IFRS 15, IAS 8, and IAS 37. Participants will engage in interactive lectures, hands-on Excel exercises, real-world case studies, and group discussions, building practical skills to apply IFRS 17 in their organisations. 

 

By the end of this workshop, delegates will be able to interpret and implement IFRS 17 requirements, produce compliant financial statements, and make sound professional judgements in complex scenarios. 

 

This workshop is ideal for accountants, auditors, finance managers, actuaries, and anyone involved in the preparation, audit, or analysis of insurance contracts under IFRS.

Course Objectives

By the end of this 5-day workshop, participants will be able to:
 
  • Understand the core principles and objectives of IFRS 17, including its scope, key definitions, and fundamental measurement models (BBA, PAA, VFA)
  • Apply IFRS 17 measurement techniques for insurance contracts, including cash flow discounting, risk adjustment, and calculation of the Contractual Service Margin (CSM)
  • Apply the level of aggregation requirements, contract boundary principles, and accounting for onerous contracts
  • Recognise and account for insurance revenue, including unit-linked products and integration with IFRS 15 requirements for revenue from contracts with customers
  • Integrate related IFRS standards (IFRS 9, IAS 8, IAS 37) with IFRS 17, addressing financial instruments, policy changes, estimates, provisions, and contingent liabilities
  • Apply reinsurance accounting principles and the Other Comprehensive Income (OCI) option under IFRS 17
  • Build, analyse, and present end-to-end financial models for insurance businesses, including preparation of financial statements and IFRS-compliant disclosures
  • Exercise sound professional judgement in selecting accounting policies, handling complex transactions, and preparing for external audit or regulatory review
  • Collaborate effectively in teams to solve practical case studies and share insights into IFRS 17 implementation challenges and best practices

Who should attend?

This workshop is designed for professionals working within insurance, reinsurance, and financial services who are directly or indirectly involved in the preparation, reporting, auditing, or analysis of financial statements under IFRS 17. It is particularly valuable for:

 

  • Accountants & Finance Managers – responsible for preparing IFRS-compliant financial statements and managing reporting processes.
  • Auditors & Assurance Professionals – reviewing insurance contract accounting and ensuring compliance with IFRS 17 requirements.
  • Actuaries & Risk Specialists – engaged in modelling cash flows, calculating risk adjustments, and supporting financial reporting.
  • Financial Controllers & Reporting Teams – implementing IFRS 17 systems, policies, and disclosures.
  • Regulators & Compliance Officers – overseeing the adoption and monitoring of IFRS 17 reporting standards.
  • Consultants & Advisors – supporting insurers and financial institutions with IFRS 17 implementation projects.
  • Systems & Data Specialists – involved in integrating IFRS 17 requirements into reporting systems, actuarial models, and IT frameworks.
  • Insurance Executives & Business Leaders – seeking to understand the strategic, financial, and operational impact of IFRS 17 on their organisations.

 

Whether you are in accounting, actuarial, audit, risk, or finance leadership, this course will equip you with the technical knowledge and practical tools to navigate IFRS 17 implementation and reporting effectively.

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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: Introduction to IFRS 17 – Core Concepts & Models
  • Welcome & Course Overview
  • IFRS 17 Scope and Key Definitions
  • IFRS 17 Measurement Models: General Model (BBA), PAA, VFA
  • Level of Aggregation: grouping contracts for measurement and profitability tracking
  • Contract Boundary: determining which future cash flows fall within a contract
  • Onerous Contracts: identification and loss recognition at initial recognition and subsequently
  • Practical Exercise: Classify Sample Insurance Contracts
  • Case Study: CSM & Fulfilment Cash Flows
  • Q&A & Day 1 Wrap-Up

Day 2: IFRS 17 Measurement – Risk, Discounting, and CSM
  • Recap Day 1
  • Discounting Cash Flows & Financial Risk
  • Risk Adjustment Methods
  • The Other Comprehensive Income (OCI) Option: presentation choices for insurance finance income and expense
  • Practical: PV, FCF, CSM & Risk Adjustment
  • CSM Release & Journal Entries
  • Q&A & Day 2 Wrap-Up

Day 3: IFRS 17 Revenue Recognition & Unit-Linked (VFA) / IFRS 15
  • IFRS 17 Revenue Recognition Principles
  • Unit-Linked Products & VFA
  • IFRS 15 Introduction & Revenue Recognition for Insurance Services
  • Practical Exercise: Allocate Premiums to Funds & Calculate Fees
  • Prepare IFRS 17 & 15 Disclosure Notes
  • Q&A & Day 3 Wrap-Up

Day 4: Related IFRSs, Reinsurance, and Professional Judgement
  • IAS 8 – Accounting Policies, Changes in Estimates & Errors
  • IFRS 9 – Financial Instruments Overview
  • IAS 37 – Liabilities, Provisions & Contingent Liabilities
  • Reinsurance Accounting: reinsurance contracts held, and their interaction with underlying insurance contracts
  • Practical Exercise: Integrate IFRS 17 with IFRS 9 & IAS 37
  • Group Discussion: Accounting Policy Selection & Professional Judgement
  • Q&A & Day 4 Wrap-Up

Day 5: Consolidated End-of-Training Practical Case Study
  • Recap of IFRS 17 & IFRS 15 Concepts
  • End-to-End Financial Model Overview
  • Practical Exercise: Build Consolidated Insurance Model
  • Complete Financial Statements & Disclosures
  • Group Presentations & Review
  • Course Wrap-Up & Best Practices

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Success Stories

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

uMngeni-uThukela Water

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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.

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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.

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

Telekom Networks Malawi PLC

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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

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The course was practical, informative and relevant

FAQs – IFRS 17 Implementation and Reporting Workshop

Master insurance contract measurement models, contractual service margin (CSM) accounting, financial statement presentation, and transitioning protocols to ensure full compliance with IFRS 17 regulatory standards.

What topics are covered in the IFRS 17 Implementation and Reporting Workshop?
The course covers IFRS 17 standard requirements, insurance contract recognition and measurement models (General Measurement Model, Premium Allocation Approach, Variable Fee Approach), discount rates, risk adjustments, and financial statement disclosures.
Who should attend this IFRS 17 Implementation and Reporting training?
This training is designed for chief financial officers (CFOs), actuaries, financial accountants, risk managers, internal and external auditors, and insurance industry professionals responsible for financial reporting and regulatory compliance.
How does this workshop assist insurance entities in implementing IFRS 17?
Delegates learn how to navigate the complexities of transition approaches (full retrospective, modified retrospective, fair value), redesign financial reporting workflows, and establish robust valuation processes for insurance contracts.
Will delegates learn how to apply measurement models and calculate contractual service margins?
Yes. The curriculum explores practical techniques for measuring future cash flows, determining the Contractual Service Margin (CSM), calculating risk adjustments for non-financial risk, and handling onerous contracts.
Does the masterclass address financial statement presentation and disclosure requirements?
Yes. Practical sessions cover structuring the statement of financial performance, presenting insurance revenue and insurance finance income or expenses, and preparing comprehensive note disclosures mandated by IFRS 17.
Why is mastering IFRS 17 crucial for insurance and financial institutions?
Successful implementation of IFRS 17 ensures compliance with international accounting standards, enhances financial transparency for investors and regulators, aligns accounting policies with economic reality, and safeguards market credibility.

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