IFRS 17 – Advanced variable fee approach
After this Advanced Variable Fee Approach (VFA) module, participants will have a deeper understanding about:
Overview of differences and similarities between the VFA and the GMM;
Overview of technical requirements for VFA eligibility and practical examples of applying the criteria of “substantial share” and “variability”;
Establishing coverage units and how multiple types of service in a single contract are treated;
The differences between components that vary and do not vary with the un-derlying items and their interaction; and
Accounting mismatches and the options in IFRS 17 to reduce such accounting mismatches (OCI-option and/or the risk mitigation option).
For whom:
Our IFRS e-learnings are specifically designed for those in financial and actuarial functions within insurers. These modules are also of interest to those working within Reporting, Controlling, IT, Internal Audit, Risk, ALM / Treasury, Account Management and Tax
Subject Matter Expertise
The IFRS subject matter experts within our Capital Markets and Accounting Advisory Services group have designed the modules together with learning experts. They have extensive knowledge of and experience in implementing IFRS for insurers and other financial institutions. In designing the modules, they have focused on the relevance and impact of IFRS, in theory and in practice, for insurers specifically.
This e-learning course takes approximately 90 minutes to complete, and as such, it can provide 1.5 learning hours – 1.5 CPD points based on a 50-minute hour. Upon completion of this course, you can print the certificate of completion as an evidence that you undertook the course.
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Further information:
Training hours: 90 minutes
CPD: 1.5
Language: English
- Topics: IFRS, Reporting
- Sector: Insurers
Training method: E-learning
Type: Single course
Geographic relevance: Global
