IFRS 17 Masterclass: Insurance Contract Measurement and Implementation

By the end of this course, you'll be able to:

• Explain the scope, key definitions, and contract boundary rules that determine what falls inside IFRS 17 — and where the judgment calls actually sit

• Build up the General Measurement Model from first principles: Best Estimate of Fulfilment Cash Flows, discounting, Risk Adjustment, and CSM mechanics, including how the CSM unlocks over time

• Apply the Premium Allocation Approach correctly, including the eligibility test and the cases where discounting and Risk Adjustment are still required

• Work through the Variable Fee Approach for direct participating contracts, including how CSM adjusts for changes in the variable fee

• Measure reinsurance contracts held and handle the loss-recovery component for both proportional and non-proportional treaties

• Navigate transition approaches (full retrospective, modified retrospective, fair value) and the practical data and systems challenges each one creates

• Read and construct IFRS 17-compliant financial statement presentation and disclosures

• Work through a single consolidated portfolio scenario — from initial recognition through subsequent measurement — across GMM, PAA, VFA, and reinsurance held simultaneously