IFRS 17

This course "International Financial Reporting Standard" provides a clear and practical understanding of IFRS 17, the global standard for insurance contracts. In this interactive course, explore its purpose, key concepts, and major changes from IFRS 4 through simple explanations, real-world examples, and engaging activities.

Day 1: Understanding IFRS 17 – The Basics (4.5 learning hours)

Session 1: Why IFRS 17 matters? (30 mins)

• Overview of training goals
• Importance of IFRS 17 for central banks

Session 2: What is IFRS 17? (1 hour)

• Why it replaced IFRS 4
• Real-world purpose and scope

Coffee Break 1

Session 3: Key Concepts in Plain Language (1.5 hours)

• The 3 Measurement Models (GMM, PAA, VFA)
• Simple illustrations using basic insurance examples
• Explanation of:
• Fulfilment Cash Flows
• Risk Adjustment
• Contractual Service Margin
• Solving Session

Coffee Break 2

Session 4: Changes in Financial Reporting (1 hour)

• Comparison of old vs new insurance reports. What changed in income statement and balance sheet

Session 5: Interactive Group Activity (30 mins)

•  Match the Term Game: Fun way to reinforce learning Recap and Q&A

Day 2: Qatar Central Bank Relevance & Sector Impact (4.5 learning hours)

Session 6: Why It Matters for Qatar Central Banks (1 hour)

• Big-picture impact on financial statements and stability
• How IFRS 17 affects solvency, profits, and transparency
•  Session 7: Key Risks and Watchpoints (1 hour)
• Profit volatility and transparency risks
• Impact on KPIs

Coffee Break 1

Session 8: Reinsurance & Investment Contracts Made Simple (45 mins)

• What they are and how IFRS 17 treats them
• Why this matters for financial oversight
• Session 9: Reading IFRS 17 Financial Statements (1 hour)
• Walkthrough of a simplified insurer balance sheet
• What to look for as a non-accountant reviewer

Coffee Break 2

Session 10: Wrap-Up & Final Discussion (45 mins)

• Key messages and recap
• Group reflections and Q&A
• Distribution of completion certificates