الهدف العام
v Apply key reserving techniques used in non-life insurance, including both deterministic and stochastic models.
v Analyze the impact of IFRS 17 on reserving practices compared to IFRS 4.
v Identify and calculate key IFRS 17 components such as risk adjustment, discounting, and coverage obligations.
v Evaluate reinsurance arrangements and their influence on reserving and on the P&L.
المخرجات
By the end of the program, participants will be able to:
v Determinethetechnicalreservesbyapplyingdeterministicand stochastic models.
v Understandthedifferencebetweenthereservesforincurredclaims under the existing standard IFRS 4 and the newstandard IFRS 17.
v InterpretanddeterminethekeyelementsintroducedbyIFRS17: Risk adjustment, allocation, discounting, and diversification.
v Understanding the P&L and the Balance sheet under IFRS 17.
v Understandthetypesofreinsurancearrangementsandtheimpact on the risk adjustments.
الفئة المستهدفة
· Actuarial professionals working in general insurance
· Insurance finance and accounting professionals
· Risk officers and reserving analysts
· Regulators and auditors seeking to understand IFRS 17 implications
· Anyone involved in the implementation or oversight of IFRS 17 in non-life insurance
المحتويات
Chapter 1:
· Introduction
Chapter 2:
· Reserving Techniques (Chain Ladder Method, Ultimate Loss Ratio Method, Bornhuetter-Ferguson Method, Frequency-Severity Method).
Chapter 3:
· Risk Adjustment for Non-Financial Risk Under IFRS 17.
Chapter 4:
· Reserve Discounting Under IFRS 17.
Chapter 5:
· Liability for Incurred Claims (LIC) Under IFRS 17
Chapter 6:
· Asset for Incurred Claims (AIC) Under IFRS 17.
Chapter 7:
· Liability for Remaining Coverage Under IFRS 17.
Chapter 8:
· Asset for Remaining Coverage Under IFRS 17.
نوع التدريب
معلومات اخرى
Requirements for Sitting the Exam
· Passing score: 65/100
· Duration: 3 hours
· Questions: Case-based application questions and data analysis tasks
· Retake Exam: Participants may retake the exam once within 3 months of the original exam date
Duration
· 54 Training Hours
The Muhanna Foundation