SlideShare a Scribd company logo
1 of 10
Click to add text
© 2014 IBM Corporation
IFRS 17 – Insurance Contracts
Presenter: Paul Young, CPA, CGA – Proven Practice Adviser – Risk
Analytics, FOPM/FPM and Close, Consolidate and Reporting
Day: March 27, 2018
© 2012 IBM Corporation
Author / Bio
September 9,
2014
• CPA, CGA
• Financial Solutions
• Hybrid Cloud
• Modeling
• Security
• Data Connection
• Reporting
• Proof of Concepts
• Migrations
• Automation
Paul.Young@ca.ibm.com
© 2012 IBM Corporation
• Introductory
• What is IFRS 17
• Impact of IFRS 17
• Look at the reporting requirement
• Issues at hand
• Solutions for IFRS 17
Agenda
© 2012 IBM Corporation
Introductory
• Any major standards will require detail planning. This presentation discusses IFRS17
which will be in full force by 2021.
• 2021 may seen a long way off, but it will take companies a few years to align their
processes to meet the new standard.
September 9,
2014
© 2012 IBM Corporation
What is IFRS 17
September 9,
2014
https://home.kpmg.com/xx/en/home/insights/2017/05/in
surance-contracts-new-standard-first-impressions-ifrs17-
ifrs4-180517.html
© 2012 IBM Corporation
What is the impact of IFRS 17
https://www.pwc.com/ca/en/industries/insurance/ifrs17.html
September 9,
2014
PWC – April 26, 2017
© 2012 IBM Corporation
Financial Statements / Earned Premium Approach
Source - http://zanders.eu/en/latest-insights/ifrs-17-insurance-contracts/
September 9,
2014
© 2012 IBM Corporation
Financial Statements / Insurance Contract Revenue
Source - http://zanders.eu/en/latest-insights/ifrs-17-insurance-contracts/
September 9,
2014
© 2012 IBM Corporation
Financial Statements / Insurance Contract Expenses
Source - http://zanders.eu/en/latest-insights/ifrs-17-insurance-contracts/
September 9,
2014
© 2012 IBM Corporation
Where does IBM Fit into IFRS 17
• Artificial Intelligence – Watson Analytics - https://www.ibm.com/ca-
en/marketplace/watson-analytics
• Streamlining Reporting – Cognos Disclosure Management -
https://www.ibm.com/ca-en/marketplace/finance-reporting-and-process-
automation
• Planning Analytics - https://www.ibm.com/products/planning-analytics
• Cognos Analytics -
https://www.ibm.com/support/knowledgecenter/en/SSEP7J_11.0.0/com.i
bm.swg.ba.cognos.wig_cr.doc/c_gtstd_ica_overview.html
September 9,
2014

More Related Content

What's hot

International Financial Reporting Standard 4 IFRS (Insurance Contracts)
International Financial Reporting Standard 4  IFRS  (Insurance Contracts) International Financial Reporting Standard 4  IFRS  (Insurance Contracts)
International Financial Reporting Standard 4 IFRS (Insurance Contracts)
Hina Khan
 
AIFMD Surgery Webinar VoP and Business Plan
AIFMD Surgery Webinar VoP and Business PlanAIFMD Surgery Webinar VoP and Business Plan
AIFMD Surgery Webinar VoP and Business Plan
Cordium
 

What's hot (9)

IFRS 17 – What does (Financial Reporting Standards) IFRS 17 cover?
IFRS 17 – What does (Financial Reporting Standards) IFRS 17 cover?IFRS 17 – What does (Financial Reporting Standards) IFRS 17 cover?
IFRS 17 – What does (Financial Reporting Standards) IFRS 17 cover?
 
How to meet the IFRS 17 challenge
How to meet the IFRS 17 challengeHow to meet the IFRS 17 challenge
How to meet the IFRS 17 challenge
 
IFRS 4 Insurance Contracts: Participating contracts and update on key issues.
IFRS 4 Insurance Contracts: Participating contracts and update on key issues.IFRS 4 Insurance Contracts: Participating contracts and update on key issues.
IFRS 4 Insurance Contracts: Participating contracts and update on key issues.
 
IFRS 4 Insurance Contracts: update on key issues
IFRS 4 Insurance Contracts: update on key issuesIFRS 4 Insurance Contracts: update on key issues
IFRS 4 Insurance Contracts: update on key issues
 
International Financial Reporting Standard 4 IFRS (Insurance Contracts)
International Financial Reporting Standard 4  IFRS  (Insurance Contracts) International Financial Reporting Standard 4  IFRS  (Insurance Contracts)
International Financial Reporting Standard 4 IFRS (Insurance Contracts)
 
Marketing with GMP Securities
Marketing with GMP SecuritiesMarketing with GMP Securities
Marketing with GMP Securities
 
Ifrs 17 role of information technology
Ifrs 17 role of information technologyIfrs 17 role of information technology
Ifrs 17 role of information technology
 
IFRS 4: Insurance Contract & IAS 24: Related Party Disclosure
IFRS 4: Insurance Contract & IAS 24: Related Party DisclosureIFRS 4: Insurance Contract & IAS 24: Related Party Disclosure
IFRS 4: Insurance Contract & IAS 24: Related Party Disclosure
 
AIFMD Surgery Webinar VoP and Business Plan
AIFMD Surgery Webinar VoP and Business PlanAIFMD Surgery Webinar VoP and Business Plan
AIFMD Surgery Webinar VoP and Business Plan
 

Similar to IFRS 17 - Accounting for Insurance Contracts - Solutions

Similar to IFRS 17 - Accounting for Insurance Contracts - Solutions (20)

Streamlining the Close, Consolidate and Reporting Process for Business
Streamlining the Close, Consolidate and Reporting Process for BusinessStreamlining the Close, Consolidate and Reporting Process for Business
Streamlining the Close, Consolidate and Reporting Process for Business
 
Business struggles with close, consolidate and reporting cycle june 2017
Business struggles with close, consolidate and reporting cycle   june 2017Business struggles with close, consolidate and reporting cycle   june 2017
Business struggles with close, consolidate and reporting cycle june 2017
 
IFRS 9 - financial instruments reporting - solutions - november 2017
IFRS 9 -   financial instruments reporting - solutions - november 2017IFRS 9 -   financial instruments reporting - solutions - november 2017
IFRS 9 - financial instruments reporting - solutions - november 2017
 
Revenue Recognition - FASB and IFRS - March 2017
Revenue Recognition - FASB and IFRS - March 2017Revenue Recognition - FASB and IFRS - March 2017
Revenue Recognition - FASB and IFRS - March 2017
 
IFRS and FASB - Financial Instrument Reporting
IFRS and FASB - Financial Instrument Reporting IFRS and FASB - Financial Instrument Reporting
IFRS and FASB - Financial Instrument Reporting
 
Financial Reporting Challenges and Solutions - Corporate Reporting
Financial Reporting Challenges and Solutions - Corporate ReportingFinancial Reporting Challenges and Solutions - Corporate Reporting
Financial Reporting Challenges and Solutions - Corporate Reporting
 
Reporting Challenges for Accounting and Finance - January 2017
Reporting Challenges for Accounting and Finance - January 2017Reporting Challenges for Accounting and Finance - January 2017
Reporting Challenges for Accounting and Finance - January 2017
 
Close, Consolidate and Reporting Cycle for Business - January 2018
Close, Consolidate and Reporting Cycle for Business -  January 2018Close, Consolidate and Reporting Cycle for Business -  January 2018
Close, Consolidate and Reporting Cycle for Business - January 2018
 
Supply chain management - Issues and Solutions - June 2017
Supply chain management  - Issues and Solutions - June 2017Supply chain management  - Issues and Solutions - June 2017
Supply chain management - Issues and Solutions - June 2017
 
Financial Reporting Solutions
Financial Reporting Solutions Financial Reporting Solutions
Financial Reporting Solutions
 
Risk Analytics - Internal Audit - Outlook and Solutions - July 2018
Risk Analytics -  Internal Audit - Outlook and Solutions - July 2018Risk Analytics -  Internal Audit - Outlook and Solutions - July 2018
Risk Analytics - Internal Audit - Outlook and Solutions - July 2018
 
Corporate challenges when it comes to reporting corporate taxes by jurisdiction
Corporate challenges when it comes to reporting corporate taxes by jurisdictionCorporate challenges when it comes to reporting corporate taxes by jurisdiction
Corporate challenges when it comes to reporting corporate taxes by jurisdiction
 
Supply Chain Management - Automation Solutions
Supply Chain Management - Automation SolutionsSupply Chain Management - Automation Solutions
Supply Chain Management - Automation Solutions
 
Reporting Challenges for Office of the Finance
Reporting Challenges for Office of the FinanceReporting Challenges for Office of the Finance
Reporting Challenges for Office of the Finance
 
Corporate Tax Planning - Financial Reporting Solutions - October 2017
Corporate Tax Planning -  Financial Reporting Solutions - October 2017Corporate Tax Planning -  Financial Reporting Solutions - October 2017
Corporate Tax Planning - Financial Reporting Solutions - October 2017
 
Sustainability and Integrated Reporting
Sustainability and Integrated Reporting Sustainability and Integrated Reporting
Sustainability and Integrated Reporting
 
Reporting challenges for Office of Finance - Accounting Finance Tax Risk Mana...
Reporting challenges for Office of Finance - Accounting Finance Tax Risk Mana...Reporting challenges for Office of Finance - Accounting Finance Tax Risk Mana...
Reporting challenges for Office of Finance - Accounting Finance Tax Risk Mana...
 
Accounting rules and reporting issues for business and public sector 20151111
Accounting rules and reporting issues for business and public sector   20151111Accounting rules and reporting issues for business and public sector   20151111
Accounting rules and reporting issues for business and public sector 20151111
 
Internal Audits - Automated Solutions - Office of Finance and CFO
Internal Audits - Automated Solutions - Office of Finance and CFOInternal Audits - Automated Solutions - Office of Finance and CFO
Internal Audits - Automated Solutions - Office of Finance and CFO
 
Accounting rules and reporting issues for business and public sector 20162501
Accounting rules and reporting issues for business and public sector   20162501Accounting rules and reporting issues for business and public sector   20162501
Accounting rules and reporting issues for business and public sector 20162501
 

More from paul young cpa, cga

Global Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptxGlobal Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptx
paul young cpa, cga
 
What is next for the Mining Sector.pptx
What is next for the Mining Sector.pptxWhat is next for the Mining Sector.pptx
What is next for the Mining Sector.pptx
paul young cpa, cga
 
Manufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptxManufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptx
paul young cpa, cga
 
Stock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptxStock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptx
paul young cpa, cga
 
Electricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptxElectricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptx
paul young cpa, cga
 
World Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptxWorld Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptx
paul young cpa, cga
 

More from paul young cpa, cga (20)

Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxRetail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptx
 
Addressing issues with the Public Sector Governance Model.pptx
Addressing issues with the Public Sector Governance Model.pptxAddressing issues with the Public Sector Governance Model.pptx
Addressing issues with the Public Sector Governance Model.pptx
 
Global Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptxGlobal Housing Market Analysis and Commentary- September 2023.pptx
Global Housing Market Analysis and Commentary- September 2023.pptx
 
What is next for the Mining Sector.pptx
What is next for the Mining Sector.pptxWhat is next for the Mining Sector.pptx
What is next for the Mining Sector.pptx
 
Manufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptxManufacturing Sector – United States – August 2023.pptx
Manufacturing Sector – United States – August 2023.pptx
 
Stock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptxStock Market Analysis and Commentary for WE September 15 2023.pptx
Stock Market Analysis and Commentary for WE September 15 2023.pptx
 
Manufacturing Sector – Canada – September 2023.pptx
Manufacturing Sector – Canada – September 2023.pptxManufacturing Sector – Canada – September 2023.pptx
Manufacturing Sector – Canada – September 2023.pptx
 
Electricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptxElectricity Analysis - Canada and the OECD - June 2023.pptx
Electricity Analysis - Canada and the OECD - June 2023.pptx
 
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...
 
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...
 
How to improve the Governance Model for the Public Sector - United States - S...
How to improve the Governance Model for the Public Sector - United States - S...How to improve the Governance Model for the Public Sector - United States - S...
How to improve the Governance Model for the Public Sector - United States - S...
 
What is next for Agriculture Sector - August 2023.pptx
What is next for Agriculture Sector - August 2023.pptxWhat is next for Agriculture Sector - August 2023.pptx
What is next for Agriculture Sector - August 2023.pptx
 
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...
 
Better Public Safety Management using Analytics - September 2023.pptx
Better Public Safety Management using Analytics - September 2023.pptxBetter Public Safety Management using Analytics - September 2023.pptx
Better Public Safety Management using Analytics - September 2023.pptx
 
Stock Market Analysis and Commentary for WE September 9 2023.pptx
Stock Market Analysis and Commentary for WE September 9 2023.pptxStock Market Analysis and Commentary for WE September 9 2023.pptx
Stock Market Analysis and Commentary for WE September 9 2023.pptx
 
Workforce Planning and Employment Analysis - August 2023.pptx
Workforce Planning and Employment Analysis - August 2023.pptxWorkforce Planning and Employment Analysis - August 2023.pptx
Workforce Planning and Employment Analysis - August 2023.pptx
 
Global Automotive - Analysis and Commentary - August 2023.pptx
Global Automotive - Analysis and Commentary - August 2023.pptxGlobal Automotive - Analysis and Commentary - August 2023.pptx
Global Automotive - Analysis and Commentary - August 2023.pptx
 
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...
 
World Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptxWorld Merchandise Trade – September 2023.pptx
World Merchandise Trade – September 2023.pptx
 
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
What is next for the Forestry Sector and Lumber Production - September 2023.pptxWhat is next for the Forestry Sector and Lumber Production - September 2023.pptx
What is next for the Forestry Sector and Lumber Production - September 2023.pptx
 

Recently uploaded

SAUDI ARABIYA | +966572737505 |Jeddah Get Cytotec pills for Abortion pills
SAUDI ARABIYA | +966572737505 |Jeddah Get Cytotec pills for Abortion pillsSAUDI ARABIYA | +966572737505 |Jeddah Get Cytotec pills for Abortion pills
SAUDI ARABIYA | +966572737505 |Jeddah Get Cytotec pills for Abortion pills
Abortion pills in Riyadh +966572737505 get cytotec
 
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
atedyxc
 
Bahawalpur Culture.pptx pptx pptx pttx pttx
Bahawalpur Culture.pptx pptx pptx pttx pttxBahawalpur Culture.pptx pptx pptx pttx pttx
Bahawalpur Culture.pptx pptx pptx pttx pttx
AbdulNasirNichari
 
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
atedyxc
 
Rapport annuel de Encevo Group pour l'année 2023
Rapport annuel de Encevo Group pour l'année 2023Rapport annuel de Encevo Group pour l'année 2023
Rapport annuel de Encevo Group pour l'année 2023
Paperjam_redaction
 
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
atedyxc
 
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
atedyxc
 
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
atedyxc
 
Prezentacja Q1 2024 EN strona www relacji
Prezentacja Q1 2024  EN strona www relacjiPrezentacja Q1 2024  EN strona www relacji
Prezentacja Q1 2024 EN strona www relacji
klaudiafilka
 

Recently uploaded (20)

Managing personal finances wisely for financial stability and
Managing personal finances wisely for financial stability  andManaging personal finances wisely for financial stability  and
Managing personal finances wisely for financial stability and
 
SAUDI ARABIYA | +966572737505 |Jeddah Get Cytotec pills for Abortion pills
SAUDI ARABIYA | +966572737505 |Jeddah Get Cytotec pills for Abortion pillsSAUDI ARABIYA | +966572737505 |Jeddah Get Cytotec pills for Abortion pills
SAUDI ARABIYA | +966572737505 |Jeddah Get Cytotec pills for Abortion pills
 
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
 
DIGITAL COMMERCE SHAPE VIETNAMESE SHOPPING HABIT IN 4.0 INDUSTRY
DIGITAL COMMERCE SHAPE VIETNAMESE SHOPPING HABIT IN 4.0 INDUSTRYDIGITAL COMMERCE SHAPE VIETNAMESE SHOPPING HABIT IN 4.0 INDUSTRY
DIGITAL COMMERCE SHAPE VIETNAMESE SHOPPING HABIT IN 4.0 INDUSTRY
 
How do I sell my Pi Network currency in 2024?
How do I sell my Pi Network currency in 2024?How do I sell my Pi Network currency in 2024?
How do I sell my Pi Network currency in 2024?
 
What exchange can I sell my pi coins in 2024
What exchange can I sell my pi coins in 2024What exchange can I sell my pi coins in 2024
What exchange can I sell my pi coins in 2024
 
Bahawalpur Culture.pptx pptx pptx pttx pttx
Bahawalpur Culture.pptx pptx pptx pttx pttxBahawalpur Culture.pptx pptx pptx pttx pttx
Bahawalpur Culture.pptx pptx pptx pttx pttx
 
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
 
NO1 Top Vashikaran Specialist in Uk Black Magic Specialist in Uk Black Magic ...
NO1 Top Vashikaran Specialist in Uk Black Magic Specialist in Uk Black Magic ...NO1 Top Vashikaran Specialist in Uk Black Magic Specialist in Uk Black Magic ...
NO1 Top Vashikaran Specialist in Uk Black Magic Specialist in Uk Black Magic ...
 
Rapport annuel de Encevo Group pour l'année 2023
Rapport annuel de Encevo Group pour l'année 2023Rapport annuel de Encevo Group pour l'année 2023
Rapport annuel de Encevo Group pour l'année 2023
 
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
 
Big developments in Lesotho Butha-Buthe.
Big developments in Lesotho Butha-Buthe.Big developments in Lesotho Butha-Buthe.
Big developments in Lesotho Butha-Buthe.
 
Satoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdf
Satoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdfSatoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdf
Satoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdf
 
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
 
Amil baba australia kala jadu in uk black magic in usa
Amil baba australia kala jadu in uk black magic in usaAmil baba australia kala jadu in uk black magic in usa
Amil baba australia kala jadu in uk black magic in usa
 
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
 
Slideshare - ONS Economic Forum Slidepack - 13 May 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 13 May 2024.pptxSlideshare - ONS Economic Forum Slidepack - 13 May 2024.pptx
Slideshare - ONS Economic Forum Slidepack - 13 May 2024.pptx
 
Prezentacja Q1 2024 EN strona www relacji
Prezentacja Q1 2024  EN strona www relacjiPrezentacja Q1 2024  EN strona www relacji
Prezentacja Q1 2024 EN strona www relacji
 
Diversification in Investment Portfolio.pdf
Diversification in Investment Portfolio.pdfDiversification in Investment Portfolio.pdf
Diversification in Investment Portfolio.pdf
 
ACC311_Corporate Income Taxation in the Philippines
ACC311_Corporate Income Taxation  in the PhilippinesACC311_Corporate Income Taxation  in the Philippines
ACC311_Corporate Income Taxation in the Philippines
 

IFRS 17 - Accounting for Insurance Contracts - Solutions

  • 1. Click to add text © 2014 IBM Corporation IFRS 17 – Insurance Contracts Presenter: Paul Young, CPA, CGA – Proven Practice Adviser – Risk Analytics, FOPM/FPM and Close, Consolidate and Reporting Day: March 27, 2018
  • 2. © 2012 IBM Corporation Author / Bio September 9, 2014 • CPA, CGA • Financial Solutions • Hybrid Cloud • Modeling • Security • Data Connection • Reporting • Proof of Concepts • Migrations • Automation Paul.Young@ca.ibm.com
  • 3. © 2012 IBM Corporation • Introductory • What is IFRS 17 • Impact of IFRS 17 • Look at the reporting requirement • Issues at hand • Solutions for IFRS 17 Agenda
  • 4. © 2012 IBM Corporation Introductory • Any major standards will require detail planning. This presentation discusses IFRS17 which will be in full force by 2021. • 2021 may seen a long way off, but it will take companies a few years to align their processes to meet the new standard. September 9, 2014
  • 5. © 2012 IBM Corporation What is IFRS 17 September 9, 2014 https://home.kpmg.com/xx/en/home/insights/2017/05/in surance-contracts-new-standard-first-impressions-ifrs17- ifrs4-180517.html
  • 6. © 2012 IBM Corporation What is the impact of IFRS 17 https://www.pwc.com/ca/en/industries/insurance/ifrs17.html September 9, 2014 PWC – April 26, 2017
  • 7. © 2012 IBM Corporation Financial Statements / Earned Premium Approach Source - http://zanders.eu/en/latest-insights/ifrs-17-insurance-contracts/ September 9, 2014
  • 8. © 2012 IBM Corporation Financial Statements / Insurance Contract Revenue Source - http://zanders.eu/en/latest-insights/ifrs-17-insurance-contracts/ September 9, 2014
  • 9. © 2012 IBM Corporation Financial Statements / Insurance Contract Expenses Source - http://zanders.eu/en/latest-insights/ifrs-17-insurance-contracts/ September 9, 2014
  • 10. © 2012 IBM Corporation Where does IBM Fit into IFRS 17 • Artificial Intelligence – Watson Analytics - https://www.ibm.com/ca- en/marketplace/watson-analytics • Streamlining Reporting – Cognos Disclosure Management - https://www.ibm.com/ca-en/marketplace/finance-reporting-and-process- automation • Planning Analytics - https://www.ibm.com/products/planning-analytics • Cognos Analytics - https://www.ibm.com/support/knowledgecenter/en/SSEP7J_11.0.0/com.i bm.swg.ba.cognos.wig_cr.doc/c_gtstd_ica_overview.html September 9, 2014

Editor's Notes

  1. 1