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V61 – IFRS 17 – “What to Expect When You’re Expecting” Virtual Session

Date
August 29, 2017

Competencies

External Forces & Industry Knowledge

 

Event Home | Registration | Presenter & Moderator | CPD

 

Update on the Valuation Actuary Symposium: The Society of Actuaries has made the decision to cancel the Valuation Actuary Symposium as a result of the weather warning in Texas. The safety of our members and attendees are of the utmost importance to us. We will refund registration fees for the symposium. Attendees also have the option to apply their fees to attend the 2017 SOA Annual Meeting & Exhibit this October 15-18 in Boston. If you have any questions please contact SOA Customer Service at customerservice@soa.org.


Time

10:00-11:30 a.m. CT

Location

This virtual session takes place via the Internet.

Registration Fees

Registration is now closed. The SOA Customer Service Center is available to assist you Monday through Friday, 8:00 a.m. to 5:00 p.m. CDT. Please call +1-888-697-3900.

Description

The International Accounting Standards Board (the Board) is close to finalizing the new insurance contract accounting standard. The Board expects to publish the new IFRS Standard by mid-2017, called IFRS 17 Insurance Contracts. The new standard will replace IFRS 4 Insurance Contracts from January 1, 2021. This session will cover some of the key changes from the final standard in comparison to the revised exposure draft and also the effects on insurance products sold in United States and Canada.

At the conclusion of the session, attendees will:

  • Have an overview of the difference between the current IFRS reporting and IFRS 17 standard;
  • Know the effects of the final standard on insurance products sold in the U.S. and Canada by companies subject to IFRS reporting; and
  • Have an idea what needs to change to prepare for the implementation of the standard.

How the live virtual session works and what it includes

Connect to the Internet to participate in the session as it takes place at the 2017 Valuation Actuary Symposium in San Antonio. The virtual broadcast streams the video, audio and PowerPoint slides through your computer during the session. As a virtual participant, you will be allowed to interact and submit your questions for live response during the session.

You will participate in the virtual session via the Internet. A computer with Internet access and sound capabilities is required. No other equipment is necessary. On Aug. 25, 2017 before 2:00 p.m. CT you will be sent detailed instructions via email including the web address for accessing the program. Any handouts that are available will also be sent. You will follow along with both the slide presentation and the audio portion of the broadcast over the Internet.

The registration fee includes:

  • One access code to the live virtual session;
  • One Internet connection;
  • One phone connection (to be used only if experiencing sound issues or if in a conference room with a group); and
  • One set of presentation materials.

Please note that each access code may only be used for one location, even if you register for more than one participant.

Post-Event Purchase Opportunity

For those who are interested in SOA virtual sessions but are unable to participate in the live event, access to an archived recording of the virtual session will be available for purchase approximately 10 business days following the event.