The introduction of IFRS 17 brings a once-in-generation change in insurance accounting standards that poses some tricky challenges for insurers. Along with important technical accounting decisions, insurers will need to review their processes to understand how the new numbers can be delivered.
This InsuranceERM webinar, held in association with Legerity, will explain the unique aspects of IFRS 17 and how current processes and systems may be challenged by its demands. Our presenters will describe some of the choices that firms have - and how that might affect systems architecture. They will also explain how IFRS 17 can be an opportunity for firms to streamline operations.
Topics to be discussed include:
- Impact on finance and actuarial systems
- Technology approaches being taken by Insurers
- Target system architecture
- Options around CSM
- Importance of data
- How IFRS 17 can deliver business process improvements
Managing Editor, InsuranceERMView presenter info
Chris joined InsuranceERM in 2012 after more than a decade’s experience in finance and business-to-business journalism, working on titles including Environmental Finance, Plastics and Rubber Weekly and Metal Bulletin. He graduated from the University of Birmingham in materials science and engineering, and has a Masters degree in communication from Imperial College.
Global IFRS Lead, Legerity LimitedView presenter info
Mobile: +44 7786 250117
Address: 9 Devonshire Square, London, EC2M 4YF, UK
Mark is a qualified accountant (ACA) with over 20 years of experience of finance change programs. Mark initially trained with PwC in the insurance practice. He has been involved in multiple accounting and IFRS implementations and is the global lead at Legerity for IFRS 9, 15, 16 and 17 programs
IFRS 17 Lead, PwCView presenter info
Address: PricewaterhouseCoopers LLP, 7 More London Riverside SE1 2RT UK
Richard has over 15 years experience in leading Finance Transformation implementations. He has led these across the European insurance market in organisations including Aviva, AXA, BUPA, LBG – Ins, MetLife, SwissRe, and Zurich Financial Services.
Richard works across life and non-life clients with experience in entities as well as Group functions. He is part of the UK IFRS 17 leadership team.