·         Apply key reserving techniques used in non-life insurance, including both deterministic and stochastic models.

·         Analyze the impact of IFRS 17 on reserving practices compared to IFRS 4.

·          Identify and calculate key IFRS 17 components such as risk adjustment, discounting, and coverage obligations.

·         Evaluate reinsurance arrangements and their influence on reserving and on the P&L.

By the end of the program, participants will be able to:

·         Determine the technical reserves by applying deterministic and stochastic models.

·    Understand the difference between the reserves for incurred claims under the existing standard IFRS 4 and the new standard IFRS 17.

·   Interpret and determine the key elements introduced by IFRS 17: Risk adjustment, allocation, discounting, and diversification.

·         Understanding the P&L and the Balance sheet under IFRS 17.

·         Understand the types of reinsurance arrangements and the impact on the risk adjustments.

Target Audience

·         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