IFRS 17 Breakfast Briefing
Actuary, Accounting, Technology -
Onward Together
Brussels - 20 June, 2019
08:00 - 11:00
REGISTER

Overview

The worldwide implementation of IFRS 17 is likely to be one of the most disruptive changes to the insurance industry ever. This global standard was designed to be principles-based and to apply to all types of insurance. This led to some confusion and challenges in the interpretation of the text and in translating it into practical terms. Significant practical challenges around data, The Moody’s Analytics IFRS 17 roadshow brings together experts from actuarial, accounting and technology departments of insurers to discuss requirements, best practices and opportunities of the new accounting reporting standard. These events are free to attend. Seats are limited so please register today to secure your place.

Why you should attend:

Develop your network with other IFRS 17 experts to exchange best practice
Have the chance to hear the opinions of experts first hand and pose your own questions on the day
Get the opportunity for you to learn more about the challenges surrounding IFRS 17: including the impact on data, systems and processes
This free event is open to Moody's Analytics clients and
senior insurance industry executives.
register Now

Agenda

08:00-08:30    Registration & breakfast refreshments

08:30-08:45    Welcome address

Karim Ben Ayed, Certified actuary, Sales representative, Moody's Analytics

08:45-09:15    Finance transformation driven by IFRS 17

Massimiliano Neri, Director, Business Development, Moody's Analytics

- Doing IFRS 17 by extending the actuarial systems: what are the opportunities and the risks extending the actuarial models to perform the IFRS 17 calculations?
- Is the Contractual Service Margin (CSM) a concern only for life insurers?
- Can P&Cs take a light approach when targeting to use the Premium Allocation Approach (PAA)?
- IFRS 17 is an accounting standard with an actuarial interpretation of the numbers: why and how should actuaries and accountants collaborate
- Introducing a Target Operating Model that enables value added Finance Transformation projects

09:15-09:45    Hands-on accounting logic cases for IFRS 17

Dieter van der Stock, Director - Product Management, Moody's Analytics

- Considerations in the design of a chart of accounts in accordance with IFRS 17
- Analysis of posting logic to translate an IFRS 17 movement analysis into journal entries
- Reconciling IFRS 17 disclosures from both an actuarial and an accounting angle

09:45-10:30    IFRS 17 discount rates and profitability analysis

Steven Morrison, Senior Director - Research, Moody's Analytics

- Liability valuation, discount rates and liquidity premia
- Profit emergence and IFRS 9
- Requirement for economic scenarios

10:30-11:00     IFRS 17 will transform insurance accounting but is unlikely to change our credit view

Benjamin Serra, Senior Vice President, Moody's Investors Service

- Moody’s ratings reflect insurers’ economic positions and performance, which are unaffected by the implementation of the new standard
- But increased earnings volatility and/or a rise in leverage driven could restrict financial flexibility and influence strategic decisions
- Financial impact will vary, annuity writers and traditional life insurers likely to be most affected

11:00                Close

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Speakers

Colin Homes
Managing Director, Insurance Solutions, Moody's Analytics
TBC
Director, Insurance Solutions, Moody's Analytics

Event Countdown

Venue

Sofitel Le Louise

Avenue de la Toison d'Or 40, 1050
Brussels, Belgium

Upcoming Events

Moody's Insurance Summit, Tokyo
ムーディーズ保険サミット
31 October 2017
2017年10月31日
Moody's Insurance Summit , Beijing
穆迪保险业峰会, 北京
7 November 2017
2017年11月7日

Contact

For questions, please contact Valerija Slavinavalerija.slavina@moodys.com or
Moody's European Client Services at +44 20 7772 5454. 

For a comprehensive list of Moody's events, visit moodys.com.

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