Course

IFRS 17 Masterclass: Insurance Contract Measurement and Implementation

Nitin Kumar

Basel IRB, IFRS 9 and IFRS 17 Expert

A practitioner's guide to GMM, PAA and VFA- taught by IFRS 17 sol. developer

By the end of this course, you'll be able to:

  • Explain the scope, key definitions, and contract boundary rules that determine what falls inside IFRS 17 — and where the judgment calls actually sit

  • Build up the General Measurement Model from first principles: Best Estimate of Fulfilment Cash Flows, discounting, Risk Adjustment, and CSM mechanics, including how the CSM unlocks over time

  • Apply the Premium Allocation Approach correctly, including the eligibility test and the cases where discounting and Risk Adjustment are still required

  • Work through the Variable Fee Approach for direct participating contracts, including how CSM adjusts for changes in the variable fee

  • Measure reinsurance contracts held and handle the loss-recovery component for both proportional and non-proportional treaties

  • Navigate transition approaches (full retrospective, modified retrospective, fair value) and the practical data and systems challenges each one creates

  • Read and construct IFRS 17-compliant financial statement presentation and disclosures

  • Work through a single consolidated portfolio scenario — from initial recognition through subsequent measurement — across GMM, PAA, VFA, and reinsurance held simultaneously

What you’ll learn

This course goes further: four live sessions that take you from scope and contract boundaries through the full mechanics of all approaches

  • Explain the scope, key definitions, and contract boundary rules that determine what falls inside IFRS 17 .

  • Build up the General Measurement Model from first principles: Best Estimate of Fulfilment Cash Flows, discounting, Risk Adjustment, and CSM

  • Apply the Premium Allocation Approach correctly, including the eligibility test and the cases where discounting and Risk Adjustment are req.

  • Work through the Variable Fee Approach for direct participating contracts, including how CSM adjusts for changes in the variable fee

  • Navigate transition approaches (full retrospective, modified retrospective, fair value) and the practical data and systems challenges

  • Read and construct IFRS 17-compliant financial statement presentation and disclosures

Learn directly from Nitin

Nitin Kumar

Nitin Kumar

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Product leader with experience of developing IFRS9 & IFRS 17 calculation engine

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Who this course is for

  • Actuarial and finance professionals at insurers responsible for IFRS 17 measurement, reporting, or disclosure

  • Risk and finance transformation teams implementing or maintaining IFRS 17 calculation systems

  • Auditors and consultants who need working fluency in GMM, PAA, and VFA mechanics to review client models

What's included

Nitin Kumar

Live sessions

Learn directly from Nitin Kumar in a real-time, interactive format.

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Course syllabus

Live sessions

6 hrs / week

Projects

6 hrs / week

Example of each approach

Async content

6 hrs / week

Exercise of each approach

Week 1

Nov 23—Nov 29

    Session 1 — Foundations, Scope & Contract Boundaries

    1 item

    Session 2 — General Measurement Model: Deep Dive

    1 item

Week 2

Nov 30—Dec 1

    Session 3 — Simplified & Participating Approaches

    1 item

    Session 4 — Presentation, Implementation & Integration

    1 item

Frequently asked questions

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Private cohort

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A dedicated cohort with a custom schedule and curriculum, tailored to your team.

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£200

GBP

Nov 23—Dec 1
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