The Life Board and Life ECPD Sub-committee are running a one-day workshop on IFRS 17 on 14 September.
Who should attend?
All actuaries working in the Life practice area. This event may also be of cross practice interest to actuaries with a life background and who might work with IFRS 17 in a Pensions, F&I, Risk or Health and Care setting.
The Life Board and Life ECPD Sub-committee are running a one-day workshop on IFRS 17 on 14 September.
The IASB finally issued the IFRS 17 standard in May, after a gestation period of 20 years. The Standard proposes fundamental changes to how insurance contracts will be valued, and to how the performance of Insurance companies will be valued.
In this seminar, we will provided a detailed understanding of the key concepts of the standard, as well as thought provoking sessions on how implementation will impact people, process and systems. we will also share views on how the new standard will change the way insurers are viewed in the market, and share perspectives from within and outside of the profession.
Event organiser
Contact Niki Park for more information.
020 7632 2152
| 09.00-09.30 | Registration and Refreshments |
| 09.30-09.35 | Intro/Welcome: Chair: Dominic Veney, PwC |
| 09.35-10.00 |
A brief history of IFRS 17 Background to the objectives, development and status of the standard Speaker: Joanna Yeoh, IASB |
| 10.00-11.00 |
Overview of IFRS 17 Overview of the standard and the measurement models Speaker: David Burton, EY |
| 11.00-11.30 | Morning refreshments |
| 11.30-12.30 |
Key Issues and Interpretation This session will deep dive into some of the contentious issues that remain around IFRS 17 including discount rates, risk adjustment, unit of account and transition Speakers: Matthew Ford and John Morley, Willis Towers Watson |
| 12.30-13.30 | Lunch |
| 13.30-14.00 |
Building off Solvency II and the IFRS 17 disclosure requirements Given the investment firms have already made in Solvency II, this talk will explore a comparison of the IFRS 17 and Solvency II measurement models and what therefore can and can not be leveraged to deliver IFRS 17. In addition, it will consider the IFRS 17 disclosure requirements. Speaker: Anthony Coughlan |
| 14.00-14.30 |
Where Companies are with IFRS17 and Project Plans Where companies are with IFRS17 and what a project plan might look like? Speaker: James Isherwood, PwC |
| 14.30-15.15 |
IT, Systems and Transformation (Panel) How will IFRS 17 impact IT, what can you do to minimise cost and maximise benefits. Panel Chair: James Tuley, PRA Panel: Martina Neary, Ernst Young, Mark Brown, FIS, Christy Coughlan, Moodys Analytics, Patrick Penzler, Willis Towers Watson |
| 15.15-15.45 | Afternoon refreshments |
| 15.45-16.30 |
Investor view Investor view of IRFS 17 Speaker: Kamran Foroughi, Willis Towers Watson/ IFoA FRG Group |
| 16.30-17.15 |
Potential impact of IFRS 17 for the Life industry (Panel) IFRS 17 is a significant change, how will it impact what companies do, what they sell and how they are perceived. Panel Chair: Colin Dutkiewicz, Aon Benfield Panel: Jo Clube, Aviva, Will Hakwins, KBW Research and Nick Dexter, PRA |
| 17.15-17.20 | Close |
Event Papers
Location
Address
Staple Inn Hall, High Holborn, London, WC1V 7QJ
Nearest Public Transport
Chancery Lane Station (Central Line)