WEBINAR IFRS 17

Friday, December 1st 2017, 2:00-3:00 PM (CET)

We are happy to offer the webinar "IFRS 17: Current status, implementation challenges and solution approaches with zeb.control". The final standard IFRS 17 was issued on May 18th, 2017 with an effective date of 2021 and comparison period of 2020. zeb is giving you an overview of selected current challenges relating to the implementation of IFRS 17 for insurance companies.
These challenges will be discussed along with the presentation of practical implementation examples and corresponding solution approaches:

• Developing Best-Practices for implementing the new IFRS 17 measurement approaches (BBA, PAA or VFA) for insurance contracts.
• Consideration of individual contracts required: If not possible, then at least adequate portfolio section; consideration of individual contracts for various views required in balance sheet, P&L and especially in the notes (e.g. breakdowns by country, products etc.).
• Significantly increased requirements regarding data retention and processing in actuarial services and accounting not exclusively in fast close environments – a greater degree of cooperation between the accounting, actuarial and IT-departments will be one important success factor of the implementation.
• Typically, mass data processing in actuarial services and accounting is required – subledger functionalities and simulation/planning functionalities are needed.
• High level of automation and process efficiency is indispensable.
• Posting of relevant items on individual contract basis.

zeb provides a comprehensive overview of the topic and shares best-practice-approaches from several reference projects with you. In doing so we present the approaches with the zeb control accounting solution, which has been proven in several projects or pre-studies.

You have the opportunity to join the webinar from your office or home online, so you can directly raise questions and exchange with other participants.