| Date | Venue | Duration | |
|---|---|---|---|
| 07 - 09 December 2026 | Sandton, Gauteng | 3 Days | |
| 10 - 12 February 2027 | Sandton, Gauteng | 3 Days | |
| 31 March - 02 April 2027 | Sandton, Gauteng | 3 Days | |
| 19 - 21 May 2027 | Sandton, Gauteng | 3 Days | |
| 07 - 09 July 2027 | Sandton, Gauteng | 3 Days |
Please note: This is not a final registration, one of our team members will contact you shortly to finalise your registration.
IFRS 17 changes fundamentally the way in which an insurance entity reports its financial dimensions and results for a given period and over time. After investing 20 or so years of development effort into IFRS 17, the IASB are highly confident in their expectation that it will bring greater transparency and comparability about the profitability of both new and existing insurance contract business. The requirement to report the insurance and financial result separately will not only help to achieve this expectation but will also provide analysts and others with better information about the overall quality of insurance entity earnings.
The impact on individual insurance entities will be highly variable depending on their previous policies and practice, and the nature of the insurance business they contract, especially whether it is short tailed or life. There will consequently be many and varied impacts on the reported numbers and metrics.
Preparing for and implementing IFRS 17 will be problematic and challenging. It will require considerable effort to gain an initial understanding of the impact on the reported numbers as well as the upgrades to process and systems to ensure they can provide IFRS 17 compliant data. This will require, from an early stage, coordination and dialogue between functions such as Actuarial, Finance and IT in executing an IFRS 17 implementation project. Furthermore, dialogue with business users and investors should be early and extensive in order to minimise the possibility of and impact of any “unpleasant surprises”.
Prospen Africa’s IFRS 17 Implementation Masterclass is aimed at not only preparers and users of accounts but also implementation team members and will help them get to grips with IFRS 17 by providing, at the very least, an initial working knowledge of the rules, how the numbers are constructed and presented and the story that they are telling.
Delegates will be able to learn the following:
Minimize the learning curve for getting up to speed on IFRS 17;
Appreciate the major technical differences between the existing IFRS 4 and IFRS 17 requirements;
Evaluate the significant impact of these differences through the use of real-world financial statements;
Providing a vital first time appreciation of IFRS 17 that will help to plan ahead for its implementation; and
Evaluate the method and timetable for transition to IFRS 17.
Executive leaders e.g. Chief Executive Officer, Chief Financial Officer & Chief Risk Officer;
Board Non-Executive Directors responsible for Audit Committee and Financial Reporting;
Heads of Finance, Actuarial and Risk and their subordinates preparing for the changes in insurance contract accounting practice;
Insurance professionals wishing to learn about the critical technical differences between the accounting and reporting requirements of existing IFRS 4 (and industry practice) and IFRS 17; and
Analysts, actuaries, auditors and finance professionals who wish to gain a working knowledge of this large new standard.
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.
Discover how our courses enhance professionals’ effectiveness in their workplaces.
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.
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.
The course really taught us deep in to Payroll and made us aware of things we were not aware of.
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
The course was practical, informative and relevant
Master IFRS 17 implementation, learning insurance contract accounting models, transition measurement approaches, financial reporting impact, data and IT system requirements, and actuarial integration to ensure regulatory compliance and transparent financial presentation.
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