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Exponential actuary - How will the role of Actuary be transformed under IFRS17?
Exponential actuary - How will the role of Actuary be transformed under IFRS17? The implementation and execution of IFRS17 requires the insurance industry to re-define the skill set matrix of ...Description: The implementation and execution of IFRS17 requires the insurance industry to re-define the skill set matrix of Actuary, Accountant and IT practitioner. Professionals with the ability to, 1. understand the business context of IFRS17, 2. gain insight from complex actuarial & accounting & data system 3. communicate technical content in a compelling way, will be the key players of the future Finance function of the insurance industry. They will also become the foundation of the new formations of IFRS17 delivery team containing hybrid or cross functional capabilities. This presentation will discuss: 1. the new skills, ranging from account posting to data governing, required by actuaries to stay relevant in a digitalized Finance function under the IFRS17 world 2. the actuarial related roles available within an E2E IFRS17 reporting process 3. the potential formation of the IFRS17 reporting team
Hide- Authors: Ka Hei Choi
- Date: Sep 2019
- Competency: Communication; Strategic Insight and Integration; Technical Skills & Analytical Problem Solving
- Topics: Actuarial Profession>Professional development; Financial Reporting & Accounting>International Financial Reporting Standards [IFRS]