IFRS 17 - insurance contracts

21 November 2019
Glasgow, London

Member price in Scotland: £144.50 + VAT
Non-member price in Scotland: £170 + VAT

Please note, the ICAS member discount will be applied after checkout.

Member price in England: £268 + VAT
Non-member price in England: £315 + VAT

Please note, due to differences regarding external costs, courses outside of Scotland are priced separately.
ICAS members are eligible for a discounted price on all courses running in England & Wales

Glasgow, 21 November 2019

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London, 25 November 2019

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IFRS 17 is the long awaited replacement to IFRS 4 which was a temporary standard issued in 2004 to coincide with the introduction of IFRS Standards for EU listed entities and which permits a wide variety of accounting treatments for insurance contracts.

IFRS 17 was originally scheduled to be effective for periods commencing on/after 1 January 2021, although the effective date has now been delayed to 1 January 2022.

The objective of IFRS 17 is to provide increased transparency of the profitability of insurance companies, and to provide enhanced comparability between the financial statements of insurance companies worldwide.

What you will learn

On completion of the course you will be able to:

  • identify which transactions are within the scope of IFRS 17
  • determine whether non-insurance elements require separation
  • understand the fundamentals of the General Measurement Model
  • apply the Premium Allocation Approach

Who should attend

This half day course will benefit anyone who requires an overview of the new accounting standard for insurance contracts - IFRS 17.

View full event details


  • The nature of insurance contracts
  • The alternative models
  • The General Measurement Model
    • Separation of non-insurance elements
    • Grouping of insurance contracts
    • Initial measurement:
      • Fulfilment cash flows
      • The contractual service margin
    • Subsequent measurement
      • The liability for remaining coverage
      • The liability for incurred claims
      • Income statement amounts
      • Potential bifurcation
    • Illustrative examples
      • Onerous and profitable contracts
      • The impact of discounting
  • The Premium Allocation Approach
    • Circumstances for use
    • Illustration of accounting
  • Transitional requirements


Glasgow, London


Tel: 0330 060 3303
Email: ldicas@bpp.com


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  • England and Wales
  • Scotland
  • Training courses
  • Glasgow and West
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