|Time||3:00 pm to 4:00 pm|
|Venue:||Microsoft Teams Webinar|
|Max No. Attendees:||–|
|Invitation Type:||Members only|
|Sign up link:||Registration Closed|
|Sign Up Start Date:||12/05/2022|
|Sign Up End Date:||10/06/2022|
|Write-Up File Download:|
|Presentation Slides:||Not available.|
|Synopsis:||As 2023 draws near, most insurers are on the final stretch to have their IFRS17 implementation completed. In this presentation, we take a look at how different insurers have gone about their IFRS17 roadmap over the past few years in Asia, which were the success stories, what were the lessons learnt, how challenges were overcome, and what are the key steps remaining. We will also discuss the influence from IFRS17 to the future of transformation with our industry.
The presentation will cover the early stages of IFRS17 program design back 3-4 years ago when the standards were still being finalized; then moving onto financial impact and business impact analyzes whereby the IFRS17 concepts were first introduced to senior management of insurers; then moving onto defining portfolios in the IFRS17 categories and requirements; before the data, modelling and assumptions setting were in place. Lastly, and where most insurers are still working on, the testing, transition and parallel run phases. We will discuss how actuaries have been involved and interacting with accountants and data technology specialists in all parts of the journey.
The presentation will draw on experiences from different type of insurers: Life Insurance, General Insurance, Reinsurance, whilst also observing multi-national programs whereby insurers have subsidiaries throughout Asia.