IFRS 17 Insurance Contracts and Solvency II

- Χρηματοοικ. Ασφαλιστικά Τραπεζικά - Νομοθεσία, Νομική & Δικηγόροι

14 Ιουν 2021 09:00 15 Ιουν 2021 13:00
Αγγλικά
7 ώρες ( 2 μέρες )
IFRS 17 Insurance Contracts and Solvency II

ΠΕΡΙΓΡΑΦΗ

  • Please note that KPMG will offer this training face-to-face at KPMG offices in Nicosia, should there is a considerable decrease in COVID-19 cases in Cyprus, and the government restrictions allow this adjustment. In such a case, the training will be conducted on 15 June 2021. Further information will be communicated to you in due course.
  • Relevant updates are expected to be released in June-July 2021. If no updates are announced until the said period, the training will be rescheduled in the second semester (Sep-Dec) of 2021.


In an effort to keep informed its clients, especially professionals in the insurance sector, about the particular IFRS and update them on other related regulatory issues, KPMG Academy offers this highly recommended training on IFRS 17 insurance contracts and solvency II. It is expected that the new standard will introduce a comprehensive new accounting model that will give users of financial information a whole new perspective on the financial statements of the insurers. Furthermore, it will herald an end to the lack of comparability in the insurance sector. It will also increase transparency about the profitability of new and in-force businesses and will provide users additional insights into the financial health of an insurer.

It is certain that all insurers will see impact on their reported numbers, whilst it is projected that the implementation of the standard will require substantial effort.


ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ


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

  • Identify the requirements of the new standard and the relevant regulatory issues
  • Apply in practice the IFRS 17 and Solvency II requirements
  • Demonstrate the impact of the new standard on their profession, by being updated on the following:

                  1. IFRS 17: Overview

                  2. IFRS 17: Scope and measurement model

                  3. IFRS 17: Measurement modifications

                  4. IFRS 17 Insurance Contracts: disclosures, acquisitions and transition

                  5. Solvency II: Overview and latest updates

                  6. Solvency II: Differences and similarities with IFRS 17

  • Adopt transparency strategies.


ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ


This seminar is essential for the insurance sector’s CEOs, financial controllers, finance managers, finance directors, actuarial professionals, risk managers, accountants and auditors who wish to be informed about this new IFRS standard and legislation. It is also beneficial for professionals in the insurance sector who are involved in the financial statements preparation process and / or the provision of compliance services.

*The number of participants is restricted to 28.


ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ


Trainers

Vanezis Pangratios
Board Member, IFRS 9 and IFRS 17 implementation leader, Audit, KPMG in Cyprus

Pangratios has been working with KPMG in Cyprus since 2003 and became a Board Member in 2017. He holds a BA in Accounting & Finance from Lancaster University and is an Associate member of the Institute of Chartered Accountants in England and Wales.

Pangratios possesses versatile industry experience from the financial services sector, consumer products, as well as more specialised sectors such as the airline transport industry, agriculture and food and beverages. In 2014, he was pivotal in the creation of the KPMG Enterprise and Startups team of KPMG in Cyprus, for which he is currently the team leader.

He is actively involved in the group which provides training and support within KPMG in Cyprus, as well as in the DPP (Accounting) of KPMG in Cyprus, which provides insights, consultation and training on financial reporting issues both internally and externally. He is the implementation leader and contact person on IFRS 17 and IFRS 9 matters of KPMG Cyprus IFRS Helpdesk team. Pangratios is currently the Chairman of the Institute of Certified Public Accountants of Cyprus’ Accounting Committee. 

 

Demetriou Alexandros
Senior Manager, Financial Risk Management, KPMG in Cyprus

Alexandros possesses 10 years of experience in the provision of Actuarial and Insurance services. He is responsible for the insurance clients of the Financial Risk Management Department at KPMG in Cyprus.

Alexandros has extensive experience in Solvency II, actuarial modelling, insurance business planning and pricing. In addition, he is involved in other non-insurance projects of the Financial Risk Management department, including banking and investment consulting.

Furthermore, Alexandros has obtained experience when he was working within the insurance industry in Cyprus. Prior to joining KPMG, he has been employed by Ethniki Insurance Cyprus, where he served as a Life and Non-Life Actuary for more than 4 years.

Alexandros has delivered training workshops on Solvency II, Risk Management and IFRS 17. He is a member of KPMG Cyprus IFRS 17 team and amongst his duties is the support of clients with gap analysis and implementations. He mainly contributes in actuarial advising, as well as the calculation of the insurance liabilities and risk adjustment.

 

KoumidesChristos
Assistant Manager, Accounting Advisory Services, KPMG in Cyprus

Christos possesses more than 5 years of experience in the field of Audit and Accounting Advisory services. More specifically, he has extensive experience in the provision of accounting advisory services on major accounting changes, such as IFRS 17 insurance contracts and IFRS 9 financial instruments. Furthermore, Christos offers day-to-day accounting advice on complex subjects and areas as well as contributes to the development of tailored solutions and other digital assets. In addition, Christos has been involved in special projects relevant to banking restructurings and securitisations.

Christos’s tenure in audit revolved mainly on Listed Groups and other Public Interest Entities in the banking, insurance, investment funds and technology industries. Christos has a particular interest in the eSports and P2P financing industries, as well as in hyper-efficient, digital markets.


Αναλυτικό Κόστος Σεμιναρίου

Για Δικαιούχους ΑνΑΔ

  • € 275.00
  • € 119.00
  • € 52.25
  • € 156.00

Για μη-Δικαιούχους ΑνΑΔ

  • € 275.00
  • € 0.00
  • € 52.25
  • € 275.00

Κοστολογικές Πληροφορίες

*Last Date for 10% Early Bird Discount: 24/05/2021

ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ

Δευτέρα - 14 Ιουν 2021

Ώρα

09:00 - 13:00

Τοποθεσία:

OnLine Virtual Classroom

Τρίτη - 15 Ιουν 2021

Ώρα

09:00 - 13:00

Τοποθεσία:

OnLine Virtual Classroom

Εκδήλωση Ενδιαφέροντος : IFRS 17 Insurance Contracts and Solvency II

Σεμινάρια στην ίδια κατηγορία από τον ίδιο διοργανωτή
CRR III: Key Changes and Anticipated Impact...

A KPMG Cyprus Board Member and a Director of our Risk Consulting Department, possessing solid experience in capital adequacy in the local banking sector both ha...

13/06/2024 09:00

6 ώρες (1 ημέρα)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

KPMG (Λευκωσία)