The Potential Impact of IFRS 17 Insurance Contracts to Non-insurer Entities

What happens when a corporate entity assumes insurance risk?

Corporate entities will adopt a range of strategies, arrangements and policies in an attempt to mitigate the risks they face. In some cases, this creates insurance risks but since many corporates don’t regard themselves as insurers, they fail to properly account for the insurance risks to which they are exposed.

This session provides an introduction to IFRS 17 Insurance Contracts and explores some of the implications of IFRS 17 for corporates that are not regulated insurers by:

• considering the typical arrangements that corporates might enter into that are (and are not) considered insurance contracts and
• using practical examples to explain how corporate entities that are parties to insurance contracts should account for these contracts.

Learning Outcomes:

Attendees will:

• learn to identify the types of arrangements that could give rise to an insurance contract and
• gain an understanding of the key accounting implications when a corporate entity enters into an insurance contract with another entity.

Suited to:

Chief financial officers (CFOs), Finance Managers, Auditors

This On Demand includes: 

• a recording of the webinar Event which can be viewed multiple times
• a PDF of the presenter’s PowerPoint
• a verbatim Transcript
• any supporting documentation
• a CPD Certificate after successful completion of the Knowledge Quiz