A Practical Guide to KPIs under IFRS 17 (FR2)

Explore how Key Performance Indicators (KPIs) are impacted by IFRS 17, how to transition to new KPIs, and how to calculate KPIs under IFRS 17.

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Introduction

If you’re looking to learn more about the new KPIs under IFRS 17, this course is ideal for you. An individual subscription gives you 3 months’ online access to:

  • Course materials
  • Discussion forums to engage and collaborate with like-minded individuals
  • Option to ask tutors questions through forums and Q&A sessions
  • Hands-on practical examples linked to financial reporting work
  • On demand access

As Well As

Our IFRS 17 Resource Library which features Actuartech and Industry specific curated additional content to assist you on your professional development journey.

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Pick from any of our introductory or advanced courses with bespoke insurance and actuarial specific case studies.

Our platform is easy to use and offers detailed guides, with course content and downloadable Notebooks offering code and explanations, enabling you to apply data science hands-on.

We provide case studies and projects relevant to actuarial work, and based on relevant datasets provided. You have the option to interact and network with your peers.

Overview

The purpose of this course is to give an overview of the Key Performance Indicators (KPIs) that will be required following the implementation of IFRS 17.

Given the extent of the changes, IFRS 17 requires a review from management of the structure and impact of their future performance reporting to investors and other stakeholders. This course covers the impact IFRS 17 has on existing performance indicators, what to consider when transitioning between existing and new KPIs and an overview of expected future KPIs. 

We provide you with examples and hands-on calculations covering the KPIs introduced throughout the course, as well as illustrations on the content that should accompany KPIs and their presentation.

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A Practical Guide to KPIs under IFRS 17

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£325 once-off (3-month access)

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Course Structure

The Introduction outlines the objective of the course, as well as the course structure and course contents.

Chapter 1 discusses the Impact on existing performance measures by first providing an overview of previous key performance indicators before discussing which existing KPIs are still expected to be used going forward. 

Chapter 2 outlines Transitioning to new KPIs, including the benefits of embracing stakeholder demands, communicating effectively with stakeholders, key implementation challenges, and suggested key steps to transitioning performance reporting.

Chapter 3 on IFRS 17 driven KPIs, we provide an overview of potential new performance indicators, understanding the underlying message of new KPIs and provide an illustration of KPIs using model financial statements.

Chapter 4 provides a Hands-on Practical Example which covers determining initial recognition and associated KPIs, KPIs derived from the balance sheet and from the profit & loss statement.

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Who's this course suitable for?

  • Anyone looking for a basic understanding of what impact IFRS 17 will have on  KPIs. 
  • Stakeholder engagement and what to consider when transitioning to new KPIs.
  • Anyone looking to understand the underlying message of new IFRS 17 driven KPIs.
  • Anyone involved in insurance contract performance reporting.

Why is this topic important?

  • IFRS 17 requires a significant change in accounting and reporting practices of insurance contracts.
  • IFRS 17 will have a significant impact on most actuarial and finance teams
  • Accounts need to be amended by 1 January 2023.

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The course was brilliant value for money. You and your colleagues know a lot about Python, and are very patient in explaining it to newcomers like me.

Thank you for an incredibly insightful but so, so practical (think often the missing ingredient) presentation of this topic, that we are all grabbling with. Your experience and expertise shone through and certainly a testament to the stellar work that you guys are doing in the industry.

I’m in the process of reviving my actuarial career. The data science course has given me lots of new ideas and things to try. You have inspired me. Thank you so much for putting it together. I think it’s amazing!

I liked the fact that the course was a mixture of coding itself, and wider issues such as governance / ethics / good practice.

Get started

A Practical Guide to KPIs under IFRS 17

Sign up for a free preview of the IFRS 17 course

Free Preview

Preview

£325 once-off (3-month access)

Enroll Today

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