Millennium Affine

Regulatory Technology Advice | Deployment | Development | Optimisation

IFRS 17

Insurance Contracts

Technology Solutions Breakfast Briefing

Thursday 16th November 2017, Eight Private Members Club, London

Date: Thursday 16th November 2017

Time: 8:00 am - 10:00 am

Venue: Eight Private Members Club, 1 Change Alley, London EC3V 3ND, United Kingdom

The new standard for insurance contract accounting, IFRS17 will become active from January 2021 and will replace IFRS4. The standard will be complex with fundamental differences concerning current accounting in both liability measurement and profit recognition. The financial and operational implications of IFRS17 will require changes in insurers’ accounting practices and will provide a major challenge for much of the industry. There are, however, opportunities to optimise adoption, both operationally and in terms of financial performance.

The principles underlying the new standard are broadly in line with current practices, however, the detailed requirements are different and the changes will re-shape primary statements and alter financial disclosures requiring new methods of data gathering and maintenance.

Join us at our complimentary IFRS17 Breakfast Briefing and hear about the forthcoming changes and how technology can be instrumental in providing a solution.

AGENDA

08.00 Registration & refreshments

08.20 Introduction

08.30 Innovation - Overview of IFRS 17 and the challenges ahead

08.45 Legerity Financials - A technical solution to IFRS 17

09.00 Kootium - Optimising IFRS 17 reporting

09.15 Millennium Affine - Implementing IFRS 17

09.30 Panel Q&A

10.00 Close

Obtain a competitive advantage by learning about the looming IFRS17 challenge and discover practical solutions to achieve compliance whilst delivering valuable business benefit.

To confirm your attendance, please complete the form below. If you have any questions contact:

Brendan Shaw at Millennium Affine | 01303 263 517 | brendan.shaw@millenniumaffine.com

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