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CCH Tagetik Events

IFRS 17: Practical Approach to Transition, Beyond and Above Compliance


  • Singapore: May 09, 2019 from 08:30 AM to 11:00 AM Timezone: (Singapore)


Register now!

With the new IFRS 17 for insurance contracts, insurers will have to significantly change the accounting for liability measurement and profit recognition. These new regulations will cause massive shake-up and challenges around its implementation in the insurance industry and many of them now are increasing efforts to ensure they are fully compliant by 2022.

This seminar will provide an in-depth understanding of the importance of IFRS 17, understanding models, examining transitions and potential approaches, and strategies for implementation.

You can learn from our experience sharing of selection process, decision, preparation and implementation journey of our IFRS17 customer based in Singapore. You can gain valuable insights from the session not only to assess readiness of your organization towards the compliance but also improve business performance.


Join us in this free seminar on Thursday, 9th May 2019 from 9:00AM – 11:00AM as the industry’s leading experts from PwC and CCH Tagetik will discuss the appropriate controls, measurement models, and systems to minimise the business impact of IFRS 17. Take advantage and review the best ways to prepare for IFRS17 ahead of 2022.

This seminar is intended for CFOs, Chief Actuaries, CIOs, CTOs, Finance Directors, Financial Controllers, FP&A Directors, Finance Business Partners, Heads of Finance Systems, and Heads of Financial Transformation in the Insurance Sector.

Please RSVP on or before 8th May 2019 as we only have limited seats available.



LOCATION

PARKROYAL on Pickering

3 Upper Pickering Street, Singapore 058289


 


Agenda

08:30 AM
Meet & Greet over Breakfast

09:00 AM
IFRS17 Scope, Measurement models and impact on Business, Operations and Systems
The standard that becomes effective from Jan 2022, will result in significant changes to the way that financial information is presented, and adoption will require significant planning. This session covers at a high level the measurement models of IFRS 17, its computation requirements, impact of the change on the processes, systems & disclosure reporting. The will also cover insights on how insurers are currently approaching IFRS 17 implementation as well as the challanges faced during implementation.
Ms. Sock Sun Ang, Partner Insurance Accounting and Regulatory Advisory Leader - PwC Singapore
09:30 AM
Solution overview and system considerations
Discover in action how CCH Tagetik’s IFRS 17 Starter Kit can help you comply with the IFRS 17 reporting requirements by seamlessly automating the calculation of your Insurance contracts based on the BBA, PAA and VFA methodologies, through its built-in calculation and reporting engine.
Girish Muzumdar, Presales Director, APAC - CCH Tagetik
10:00 AM
Coffee Break

10:15 AM
Strategies for Implementation – based on a customer use case - and assessing readiness of your organization
Learn how you can assess your readiness, transition from IFRS 17 strategy to execution. Points to ponder and watch out before starting the IFRS 17 compliance projects in terms of available data; impacts on systems & processes; resources required such as team composition and general roles and responsibilities, and duration of typical implementations and high level steps.
Mahadevan Natarajan, Sr Director Financial Applications APAC - CCH Tagetik
10:50 AM
Q&A and Closing Remarks

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Please fill out the following form to register for this event:

Event Contacts

CCH Tagetik Marketing APAC +65 6513 3398