Breaking IFRS 17/9

Summary

The new IFRS 17/9 reporting standards bring challenges to the insurance industry like it has never seen before. From implementation challenges to reshuffling of responsibilities, new approaches are required. We explain what’s at stake, and how to use new approaches, such as industry-driven ones and new technologies, to break IFRS 17/9.

Presenters

Petrik Leutert, Director at KPMG. Petrik is a Director at KPMG Switzerland and leads the Financial Services Accounting Advisory department. He consults finance departments of banks, insurance companies, asset managers, family offices and treasury departments in accounting and process related queries such as the implementation of new IFRS, GAP conversions, hedge accounting, business combinations an many other reporting challenges.

Daniel Trzesniak, Head of Product Strategy and IFRS 17 Initiative Lead at Systemorph. Daniel has many years of experience in developing and marketing software solutions for insurance and reinsurance customers, becoming fluent in topics such as IFRS17, Pricing/Costing, Portfolio Valuation, Reserving, Structuring, Planning and Data Modeling. He works as Head of Product Strategy and IFRS 17 Initiative Lead at Systemorph, leading a team of Business Experts and providing software solutions for insurance and reinsurance customers.

moderated by Walter Farkas and Pedro Fonseca.

Agenda

18:00 Doors open – name tag collection
18:15 Welcome and introduction (Walter Farkas, Pedro Fonseca)
18:20 Matching assets and liabilities in the insurance business: a challenges goes live (Petrik Leutert)
18:45 IFRS 17 on Wheels: An Industry-driven Approach to Tackle the Problem (Daniel Trzesniak)
19:10 Q&A (all)
19:30 Networking drinks (all)
20:30 end

Chapter Event

In our chapter events – access for members only – we present one or more speakers to share knowledge, updates and best practices on a specific risk topic. In small groups of risk professionals you can exchange thoughts and test ideas. More on SRA chapters. This event is hosted by the chapter Stress Testing and Scenario Generation.