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M21076 - IFRS 17: Getting To Grips With a Revolutionary Change To Insurance Accounting (Online)

  • 30 Sep 2021
  • 10:00 - 12:15
  • Online Webinar

Registration


Register

Registration Time: 09:45
Sessions Time:10:00 - 12:15  including a 15-minute break
Speakers: Mr Christopher Cardona and Ms Bertha Toledo
Venue: Online Webinar
*Group bookings for 3 or more participants available.
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €28.00
Non-MIA Members: €50.00
Retired Members: €15.00
Students: €20.00

BACKGROUND INFORMATION

IFRS 17 is the new IFRS for insurance contract accounting which supersedes the currently applicable IFRS 4. It is effective from 1 January 2023 (subject to EU endorsement). It is a revolutionary standard and the transition will have a significant pervasive impact on insurers, including their financial statements, key performance indicators, financial reporting process, systems and operations.

OBJECTIVES OF THE SESSION

The objective of this session is to consider salient technical and operational implications of IFRS 17, as well as common issues and implementation challenges being faced by the insurance industry.

TOPICS ON THE AGENDA

• Technical implications of IFRS 17
• Operational and implementation challenges

TARGET AUDIENCE

People working in the insurance sector (accountants, actuaries, IT professionals, Board members and Audit Committee members)

SPEAKER'S PROFILE

Christopher Cardona is a Partner at PwC in Malta. He joined the firm’s assurance practice in 2008 after completing his studies at the University of Malta, where he presently lectures on insurance related matters on a part time basis. Over the years he has specialised in servicing the insurance industry having worked on a range of assignments, including audits, accounting, regulatory and advisory engagements on a number of local and foreign, life and non-life principals as well as captive (re)insurance companies He has been actively involved in the run up to IFRS17, and is part of the PwC network’s team of experts. Over the past 4 years he has delivered training and other non-audit assignments relating to the impact of the standard, including the delivery of a number of client-specific, gap assessment workshops and accounting conversion assignments to Maltese-registered insurers. He is a Fellow member of the Malta Institute of Accountants and a member of the Financial Services Committee and Insurance Working Group.
Bertha Toledo is a certified public accountant and auditor. She has an accounting and insurance background having studied both areas at an undergraduate level, and completed her Masters in Accounting in 2015. Bertha is one of PwC's technical resources having over six years of experience in the insurance industry, and has worked on numerous audit engagements and advisory projects for clients predominantly in the (re)insurance sector. She also worked with PwC's assurance practice in London, UK. She has developed a broad experience in the audit sphere, having been involved in the audits of the largest insurers in Malta for a number of years. Bertha is one of the managers leading PwC's IFRS 17 projects and has delivered extensive training to clients with respect to the impact of the new IFRS 17 standard.

EVENT CPE COMPETENCES

2 Hours Core

online TERMS AND CONDITIONS

Terms and conditions apply.

DISCLAIMER

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