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Za IFRS 17 Brochure V12
Za IFRS 17 Brochure V12
Deloitte IFRS 17
digital training solution
IFRS 17, the new international financial reporting
standard for insurance contracts, is creating
significant changes for insurers.
Training aligned to the A simplified integrated Address the different A modular structure
finance reporting structure accounting and actuarial levels of knowledge that is broken down into
required by IFRS 17. model that translates the required by the multiple manageable sections
requirements of IFRS 17 audiences who have and encourages the self-
into the financial postings. different training exploration of topics in an
requirements. order and at a pace which
best suits users.
DELOIT TE IFR S 17 DIGITAL TR AINING SOLUTION
03 05
01 Initial Recognition
Understand the timing
Presentation
Understand the
Scope of modelling and key presentation
Understand key features accounting treatment of requirements
and attributes of new groups of insurance under each of the
contracts that define contracts under IFRS 17 measurement
them as insurance
contacts, and which
features result in the
02 04 models
Grouping Subsequent
different measurement
approaches Measurement
Learn about the key
requirements of IFRS Learn about how the
17 that combines different measurement
insurance contracts into models under IFRS 17
appropriate accounting result in the required
units of account revenue, costs and
ultimate profit and loss
of groups of insurance
contracts
DELOIT TE IFR S 17 DIGITAL TR AINING SOLUTION
Incurred claims and insurance contact expenses 37 304 73 158 2 400 I1 TOTAL FOR THE YEAR 49 304
Insurance service result 10 696 35 976 2400 I2 LIC RA – Claims & expenses
incurred 2 932 I2 LIC RA – Re-estimation of RA 1194
Investment return (951) (2 245) (132)
I2 Cash – Maintenance expenses 6 000
Net finance expenses from insurance contracts held 951 2 245 132
Y1 TOTAL FOR THE YEAR 84 024
Net investment result
Other operating expenses – – – I2 LIC RA – Claims release 2 400
Profit before tax 9 745 33 732 2 268 Y2 TOTAL FOR THE YEAR 2 400
DELOIT TE IFR S 17 DIGITAL TR AINING SOLUTION
MODULE ALL
FUNCTIONS UNDERWRITING
ACTUARIAL
VALUATION
ACTUARIAL
PRICING
FINANCIAL
REPORTING
FINANCIAL
OPERATIONS
FINANCIAL MI
AND PLANNING
TECHNICAL
ACCOUNTING
IT, DATA &
TESTING
Introduction to IFRS 17
GMM: Theory and practical
Disclosures
Principles we have followed to build an engaging, impactful and flexible digital learning solution:
Use of mixed Interactive elements to Short modules to Segmented Classroom Includes self-assessments
media (videos, retain the audiences use time efficiently content to target material and knowledge checks.
written, animated attention and and segmented various audience in video Provides learners with a
and spoken) reinforce the learnings content to target groups certificate of completion
content to engage with knowledge checks various audience at the end of each module
the audience and test groups
DELOIT TE IFR S 17 DIGITAL TR AINING SOLUTION
eLearning | 30min eLearning | 30min eLearning | 45min eLearning | 45min eLearning | 45min eLearning | 30min
Introduction to IFRS 17 Premium Allocation General Measurement Reinsurance Contracts Variable Fee Approach Disclosure
Introduces the new IFRS 17 Approach (Theory) Model (Theory) Held (Theory) (Theory) Covers the disclosure
Standard and its purposes and Introduces the simplified Introduces the standard Introduces the approaches that Introduces the VFA, a requirements as set out in IFRS
objectives, as well as the financial approach to measuring the LRC, approach to reporting the IFRS 17 permits for reporting modification of the GMM, 17. Includes formative knowledge
reporting process that insurers and explains how this approach financial performance and the financial performance and used to report the financial checks and a summative
need to follow under checks and will be applied in accordance position of insurance contracts, financial position of reinsurance performance and position assessment.
a summative assessment. with IFRS 17. Includes formative and explains how it will be contracts held and explores of insurance contracts and
knowledge checks and a applied in accordance with IFRS how these approaches will be investment contracts with direct
summative assessment. 17. Includes formative knowledge applied in accordance with IFRS participation features. Includes
checks and a summative 17. Includes formative knowledge formative knowledge checks and
assessment. checks and a summative a summative assessment.
assessment.
eLearning | 45min eLearning | 45min eLearning | 45min eLearning | 45min eLearning | 20min
Premium Allocation General Measurement Reinsurance Contracts Variable Fee Approach Transistion
Approach (Practical) Model (Practical) Held (Practical) (Practical) Explores an insurer’s transition
Explores practical examples to Explores practical examples to Explores practical examples to Explores practical examples to from IFRS 4 to IFRS 17 according
to specific requirements. Includes
Timings are approximate gain a greater understanding of gain a greater understanding of gain a greater understanding of gain a greater understanding of
formative knowledge checks and
the PAA. Users can apply theory the GMM. Users can apply theory Reinsurance. Users can apply the VFA. Users can apply theory
to practical scenarios that are to practical scenarios that are theory to practical scenarios that to practical scenarios that are a summative assessment.
linked to simplified insurance linked to simplified insurance are linked to simplified insurance linked to simplified insurance
products, with actuarial models products, with actuarial models products, with actuarial models products, with actuarial models
and related accounting entries. and related accounting entries. and related accounting entries. and related accounting entries.
No assessment. No assessment. No assessment. No assessment.
DELOIT TE IFR S 17 DIGITAL TR AINING SOLUTION
DELOITTE
DELOITTEIFRS
IFRS17
17DIGITAL
DIGITALTRAINING
TRAININGSOLUTION
SOLUTION
User Experience
User
UserExperience
Experience
To ensure an interactive and meaningful training experience, the IFRS 17 training solution makes use of:
To
Toensure
ensureananinteractive
interactiveand andmeaningful
meaningfultraining
trainingexperience,
experience,the
theIFRS
IFRS17
17training
trainingsolution
solutionmakes
makesuse
useof:
of:
1 Mixed media, including diagrams, graphs, financial statements, and animations.
11
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iaia , includingdiagrams,
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andanimations.
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DELOIT TE IFR S 17 DIGITAL TR AINING SOLUTION
DELOITTE
DELOITTEIFRS
IFRS17
17DIGITAL
DIGITALTRAINING
TRAININGSOLUTION
SOLUTION
DELOITTE
DELOITTEIFRS
IFRS17
17DIGITAL
DIGITALTRAINING
TRAININGSOLUTION
SOLUTION
Getting Access
Hosting has been designed to respond to different training
platform needs. On selecting the unlimited user access
option, the digital training can be:
Pricing structure
Pricing can be structured to allow for unlimited user access
or on a per user basis, depending on clients’ needs.
DELOIT TE IFR S 17 DIGITAL TR AINING SOLUTION
Who to talk to
Africa
Andrew Warren
anwarren@deloitte.co.za
+27 11 202 7426
Nicola Dooley
ndooley@deloitte.co.za
+27 11 209 8646
America
David Ogloza
daogloza@deloitte.com
+1 313 324 1460
EMEA
Alexander Stienaers
astienaers@deloitte.com
+32 2 800 23 30
Asia Pacific
Simon Acton
siacton@deloitte.com.hk
+852 28521267