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Actuarial Practicing Certificate (APC) July 2025
Paris
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General Goal

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.


Outcomes

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.


Target Group

·         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


Contents

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.


Type of Traning

Professional Certificate

More info

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


Training Activity Rate
Trainer/s
د. رابح بدران
Training activity Hours
166
Training activity Date
28/07/2024 - 3/12/2025
Training Activity Days
Mon- Tue- Wed
Start and End Time
14.00 - 18.00
Break Time
15.20 - 15.40
Training Activity Classification
Insurance
Language
[[]]
Methodology
IDL
Deadline for registration
16/07/2024
Price For Jordanian
3300 JOD
Price For Non Jordanian
4661 US$
Sponsor

The Muhanna Foundation


* Will be given discounts for groups
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