United States

IFRS 17: Variable Fee Approach

Thursday July 06, 2017 9:00 AM - 10:30 AM EDT
From IFRS Institute

KPMG IFRS Institute

1

Event Overview

The International Accounting Standards Board (IASB) has published the long awaited IFRS 17 insurance contracts standard. For the first time insurers will be on a level footing internationally.

We look forward to you joining us for a discussion on the general principles about presentation under the new standard. Hear from KPMG’s network of subject matter experts as they walk through the Premium Allocation Approach, the scope and implications of the Variable Fee Approach and its application to insurance contracts with direct participation features and accounting for reinsurance contracts held.

This is the second webcast in our series following the recent publication of the new standard. Our final webcast for the summer will be on 19 July and will focus on transition. 

Following this webcast, participants will be able to explain at a high level:

  • general principles underpinning presentation in the statements of financial position and financial performance applicable to all insurers
  • the operation of the Premium Allocation Approach, primarily of interest to many property casualty insurers
  • implications of the Variable Fee Approach including qualifying for this approach, and comparison with the General Measurement Model, primarily of interest to long term    insurers
  • accounting for reinsurance contracts held, of interest to both short term and long term insurers
Dates and times:
Thursday, 6 July 2017 (Live)
9:00am ET/2:00pm BST/3:00pm CET
 
Friday, 7 July 2017 (on demand)
9:00am HK/11:00am Sydney
 
NOTE: This session will run for 90 minutes

We look forward to having you join this session.

Presenters:

Mary Trussell

Global Insurance Change Lead Partner, KPMG in Germany

Erik Bleekrode

Insurance Accounting Change Lead Partner, KPMG in Hong Kong

Danny Clark

Global Insurance Accounting Change Technical Lead Partner, KPMG in the UK