{"id":227629,"date":"2023-03-27T19:24:28","date_gmt":"2023-03-27T19:24:28","guid":{"rendered":"https:\/\/swissfederalism.ch\/ifrs17-diploma\/"},"modified":"2023-12-04T13:21:54","modified_gmt":"2023-12-04T13:21:54","slug":"ifrs17-diploma","status":"publish","type":"post","link":"https:\/\/swissfederalism.ch\/en\/ifrs17-diploma\/","title":{"rendered":"Certified IFRS 17 Insurance Financial Analyst"},"content":{"rendered":"<h1><span class=\"font-377884\">Certified <\/span><span class=\"font-377884\">IFRS 17 <\/span><span class=\"font-377884\">Insurance Financial Analyst<br \/>\n<\/span><\/h1>\n<h3><span class=\"font-377884\"><em>IFRS 17 is a revolution in the way (re)insurance financial statements are perceived and interpreted. The IFRS 17 course is intended for managers in the insurance business, insurance consultants, planning and controlling managers, investor relations managers, CFOs, accountants and controllers, risk managers, actuaries, insurance underwriters, asset managers and portfolio managers, capital markets practitioners, wealth managers, and client advisors.<\/em><\/span><\/h3>\n<div>\n<div>\n<figure id=\"attachment_227596\" aria-describedby=\"caption-attachment-227596\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/swissfederalism.ch\/en\/job-meeting-image-by-ronald-carreno-from-pixabay-2\/\" rel=\"attachment wp-att-227596\"><img decoding=\"async\" class=\"size-large wp-image-227596\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2023\/03\/Job-meeting-Image-by-Ronald-Carreno-from-Pixabay-1024x617.jpg\" alt=\"Job meeting Image by Ronald Carre\u00f1o from Pixabay\" width=\"840\" height=\"506\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2023\/03\/Job-meeting-Image-by-Ronald-Carreno-from-Pixabay-1024x617.jpg 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2023\/03\/Job-meeting-Image-by-Ronald-Carreno-from-Pixabay-300x181.jpg 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2023\/03\/Job-meeting-Image-by-Ronald-Carreno-from-Pixabay-768x462.jpg 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2023\/03\/Job-meeting-Image-by-Ronald-Carreno-from-Pixabay-1536x925.jpg 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2023\/03\/Job-meeting-Image-by-Ronald-Carreno-from-Pixabay-350x211.jpg 350w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2023\/03\/Job-meeting-Image-by-Ronald-Carreno-from-Pixabay.jpg 1920w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><\/a><figcaption id=\"caption-attachment-227596\" class=\"wp-caption-text\"><span class=\"font-377884\">Image by Ronald Carre\u00f1o from Pixabay<\/span><\/figcaption><\/figure>\n<p><span class=\"font-377884\">This course analyzes the organizational and accounting impacts of the application of IFRS 17, with reference to the business functions involved in the use of financial statement indicators. The course focuses on the accounting rules and application of the new standard, including related disclosures and the use of old and new KPIs.<\/span><\/p>\n<p><span class=\"font-377884\">Measuring the accounting profitability of insurance products is essential for middle and top management. This point is critical for budgeting and business purposes, but also for analyzing asset allocation options to reduce volatility. The course helps to understand the key components and drivers of expected future profitability that will appear in the Contractual Service Margin (CSM) analysis. It provides examples of key external and internal factors that cause CSM volatility and supports management in evaluating measures to reduce volatility.<\/span><\/p>\n<p><span class=\"font-377884\">In addition, the training course provides an overview of IFRS 17 issues and problems discussed in the European Roundtables from the users&#8217; perspective, thanks to the participation of the lecturers in the EFFAS and EFRAG working groups.<\/span><\/p>\n<section id=\"comp-lfhb9d1a1\" class=\"comp-lfhb9d1a1 Lw0u6i wixui-column-strip\">\n<div class=\"So7Ias\" data-testid=\"columns\">\n<div id=\"comp-lfhb9d1a2\" class=\"comp-lfhb9d1a2 YzqVVZ wixui-column-strip__column\">\n<div class=\"\" data-mesh-id=\"comp-lfhb9d1a2inlineContent\" data-testid=\"inline-content\">\n<div data-mesh-id=\"comp-lfhb9d1a2inlineContent-gridContainer\" data-testid=\"mesh-container-content\">\n<div id=\"comp-lfhbqe05\" class=\"BaOVQ8 tz5f0K comp-lfhbqe05 wixui-rich-text\" data-testid=\"richTextElement\">\n<h2 class=\"font_9\"><span class=\"color_11 font-377884\"><strong><a href=\"https:\/\/www.aiafschool.com\/\">AIAF Financial School<\/a><\/strong>, propose the new IFRS 17 Certification<br \/>\n<\/span><\/h2>\n<h2 class=\"font_9\"><span class=\"font-377884\"><span class=\"color_11\"><span class=\"wixGuard\">\u200b<\/span><\/span>OBJECTIVES<\/span><\/h2>\n<p><span class=\"font-377884\">IFRS 17 represents a revolution in the way (re)insurance financial statements are perceived and interpreted. The new standard became effective on January 1, 2023. This course analyzes the organizational and accounting impacts of the adoption of IFRS 17, with reference to the business functions involved in the use of financial statement indicators. The focus of the course is on the accounting rules and application of the new standard, including related disclosures and the use of old and new KPIs.A basic knowledge of financial statement analysis and a basic understanding of the insurance business is required.<\/span><\/p>\n<h2><span class=\"font-377884\">TARGET AUDIENCE<\/span><\/h2>\n<p><span class=\"font-377884\">The IFRS 17 program is aimed at:<\/span><\/p>\n<p><span class=\"font-377884\">Users of insurance financial data<\/span><\/p>\n<p><span class=\"font-377884\">Professionals interested in knowledge of IFRS17<\/span><\/p>\n<p><span class=\"font-377884\">Users of insurance reports<\/span><\/p>\n<p><span class=\"font-377884\">Analysts of insurance companies<\/span><\/p>\n<p><span class=\"font-377884\">Professionals who manage insurance KPIs<\/span><\/p>\n<p><span class=\"font-377884\">People that want to enter the insurance market<\/span><\/p>\n<p><span class=\"font-377884\"><strong><a href=\"https:\/\/swissfederalism.ch\/en\/switzerland-leader-reinsurance\/\">Switzerland a global leader in reinsurance<\/a><\/strong><\/span><\/p>\n<h2><span class=\"font-377884\">PROGRAM<\/span><\/h2>\n<p><span class=\"font-377884\">The program (in English) is hybrid and structured in five online modules.<br \/>\n<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"comp-lfhb9lav\" class=\"comp-lfhb9lav Lw0u6i wixui-column-strip\">\n<div class=\"So7Ias\" data-testid=\"columns\">\n<div id=\"comp-lfhb9law\" class=\"comp-lfhb9law YzqVVZ wixui-column-strip__column\">\n<div class=\"\" data-mesh-id=\"comp-lfhb9lawinlineContent\" data-testid=\"inline-content\">\n<div data-mesh-id=\"comp-lfhb9lawinlineContent-gridContainer\" data-testid=\"mesh-container-content\">\n<div id=\"comp-lfhbqe062\" class=\"BaOVQ8 tz5f0K comp-lfhbqe062 wixui-rich-text\" data-testid=\"richTextElement\">\n<h3 class=\"font_9\"><span class=\"font-377884\"><span class=\"color_11\"><span class=\"wixGuard\">\u200b<\/span><\/span><span class=\"color_11\">Module 1: Introduction to IFRS 17<\/span><\/span><\/h3>\n<ul class=\"font_9 color_11\">\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Why IFRS 17: an overview of the standard<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Implications for business<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Key concepts<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Disclosures<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Comparison with IFRS 4<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 class=\"font_9\"><span class=\"font-377884\"><span class=\"color_11\"><span class=\"wixGuard\">\u200b<\/span><\/span><span class=\"color_11\">Module 2: Examples of accounting for business events<\/span><\/span><\/h3>\n<ul class=\"font_9 color_11\">\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Classification of insurance contracts into BBA (General model and VFA), PAA<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">The Business General model as the basis of the principle\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">The Contractual Service Margin (CSM)<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Examples of (re)insurance accounting<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Booking examples<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 class=\"font_9\"><span class=\"font-377884\"><span class=\"color_11\"><span class=\"wixGuard\">\u200b<\/span><\/span><span class=\"color_11\">Module 3: Simulation examples to analyse impacts on insurance business<\/span><\/span><\/h3>\n<ul class=\"font_9 color_11\">\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Analysis of life business with an in-depth look at the impact of IFRS 17 on disclosure<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Presentation of the Case Study and impacts on the analysis of business products under the IFRS 17<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Methodological and operational aspects<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 class=\"font_9\"><span class=\"font-377884\"><span class=\"color_11\"><span class=\"wixGuard\">\u200b<\/span><\/span><span class=\"color_11\">Module 4: Impact on insurance KPI<\/span><\/span><\/h3>\n<ul class=\"font_9 color_11\">\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Analysis of the main criticalities emerged in the local and European working tables<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Analysis of KPIs related to life and non-life business under IFRS 17<\/span><\/p>\n<\/li>\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Analysis of the main KPIs impacted by IFRS 17<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 class=\"font_9\"><span class=\"font-377884\"><span class=\"color_11\"><span class=\"wixGuard\">\u200b<\/span><\/span><span class=\"color_11\">Module 5: Q&amp;A session<\/span><\/span><\/h3>\n<ul class=\"font_9 color_11\">\n<li>\n<p class=\"font_9\"><span class=\"color_11 font-377884\">Wrap up, Q&amp;A, discussion and review<\/span><\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<h2><span class=\"font-377884\">COURSES FEATURES<\/span><\/h2>\n<p><span class=\"font-377884\">12 hours of didactics in total.<\/span><\/p>\n<p><span class=\"font-377884\">In-person initial and final session, the intermediate sessions in webinar format<\/span><\/p>\n<p><span class=\"font-377884\">Study time: 20-25 hours<\/span><\/p>\n<p><span class=\"font-377884\">Duration is approximately 7 weeks<\/span><\/p>\n<p><span class=\"font-377884\">The course is organized 2 times a year, in spring and fall.<br \/>\n<\/span><\/p>\n<p><span class=\"font-377884\">Deadline for registration: 10 days before the course starts (Spring session 6 May 2023; Autumn session 21 October 2023)<br \/>\n<\/span><\/p>\n<p><span class=\"font-377884\">A certificate is awarded at the end of the course.<\/span><\/p>\n<div class=\"vc_separator vc_text_separator vc_separator_align_left vc_sep_width_100 vc_sep_pos_align_center\">\n<h2><span class=\"font-377884\">ADMISSION<\/span><\/h2>\n<\/div>\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p><span class=\"font-377884\">There are no admission requirements.<\/span><\/p>\n<\/div>\n<\/div>\n<h2><span class=\"font-377884\">EXAMINATION DETAILS, LANGUAGE<\/span><\/h2>\n<p><span class=\"font-377884\">The examination, in English, for the issuance of the &#8220;IFRS 17 Certificate&#8221; lasts 60 minutes and consists of multiple-choice questions (MCQs).<\/span><\/p>\n<p><span class=\"font-377884\">The exam is held in Online mode twice a year (June and December).<\/span><\/p>\n<section id=\"comp-lfhb9d1c4\" class=\"comp-lfhb9d1c4 Lw0u6i wixui-column-strip\">\n<div class=\"So7Ias\" data-testid=\"columns\">\n<div id=\"comp-lfhb9d1d\" class=\"comp-lfhb9d1d YzqVVZ wixui-column-strip__column\">\n<div class=\"\" data-mesh-id=\"comp-lfhb9d1dinlineContent\" data-testid=\"inline-content\">\n<div data-mesh-id=\"comp-lfhb9d1dinlineContent-gridContainer\" data-testid=\"mesh-container-content\">\n<div id=\"comp-lfhbqe07\" class=\"BaOVQ8 tz5f0K comp-lfhbqe07 wixui-rich-text\" data-testid=\"richTextElement\">\n<h2 style=\"text-align: center;\"><span class=\"font-377884\"><strong><a href=\"https:\/\/www.aiafschool.com\/_files\/ugd\/577579_212e7b961efa4d29884e99d475a453c8.pdf\"><span dir=\"ltr\" role=\"presentation\">IFRS 17\u00a0<\/span> <span dir=\"ltr\" role=\"presentation\">Scheda di iscrizione di AIAF Financial School\u00a0 <\/span><\/a><\/strong><\/span><\/h2>\n<h2><span class=\"font-377884\">AIAF in Brief<\/span><\/h2>\n<p><span class=\"lt-line-clamp__raw-line font-377884\"><strong><a href=\"https:\/\/www.aiafschool.com\/\">AIAF<\/a><\/strong><\/span><span class=\"font-377884\">\u00a0&#8211; Italian Association for Financial Analysis was founded in 1971 and at the European level is a member of EFFAS &#8220;The European Federation of Financial Analysts Societies&#8221; with over 15,000 members. AIAF contributes with a role of Standard Setter for financial analysis to the development, transparency, efficiency of financial markets and professional excellence in financial matters, through the activity of working groups dedicated to many influential topics for financial activity, such as Fundamental Analysis, Sustainability, Fintech. AIAF Financial School directly offers certified training through the international diplomas CEFA &#8220;The Certified European Financial Analyst,&#8221; CIIA &#8220;Certified International Investment Analyst&#8221; and CEESGA &#8220;Certified EFFAS Environmental Social and Governance Analyst,&#8221; the latter dedicated to sustainability. AIAF has been committed to promoting the development of Sustainable Finance for more than a decade. It collaborates with agreements aimed at professional financial education with the Universities of Genoa, Milano Cattolica. of Milano-Bicocca and Ca&#8217; Foscari.<\/span><\/p>\n<p><span class=\"lt-line-clamp__raw-line font-377884\">\u00a0<\/span><\/p>\n<\/div>\n<p><a class=\"https:\/\/mrkeyshop.com\/en\/easeus-todo-backup\/170-buy-easeus-todo-backup-technician?MrKey=493\" href=\"https:\/\/mrkeyshop.com\/en\/easeus-todo-backup\/170-buy-easeus-todo-backup-technician?MrKey=493\" target=\"_blank\" rel=\"https:\/\/mrkeyshop.com\/en\/easeus-todo-backup\/170-buy-easeus-todo-backup-technician?MrKey=493 noopener\"><img decoding=\"async\" class=\"https:\/\/mrkeyshop.com\/en\/easeus-todo-backup\/170-buy-easeus-todo-backup-technician?MrKey=493 aligncenter\" title=\"https:\/\/mrkeyshop.com\/en\/easeus-todo-backup\/170-buy-easeus-todo-backup-technician?MrKey=493\" src=\"https:\/\/mrkeyshop.com\/modules\/psaffiliate\/views\/img\/banners\/banner-1.png\" alt=\"\" width=\"290\" height=\"179\" \/><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>IFRS 17 is a revolution in the way (re)insurance financial statements are perceived and interpreted. The IFRS 17 course is intended for managers in the insurance business, insurance consultants, planning and controlling managers, investor relations managers, CFOs, accountants and controllers, risk managers, actuaries, insurance underwriters, asset managers and portfolio managers, capital markets practitioners, wealth managers, and client advisors.<\/p>\n","protected":false},"author":9,"featured_media":227597,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[327,271,317,985,260,288,210,257],"tags":[2349,405,404,2350,660,261,887],"class_list":["post-227629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canton-zurich","category-europe","category-events","category-finance","category-highlights","category-italy","category-magazine","category-switzerland","tag-certificate","tag-europe","tag-finance","tag-ifrs17-en","tag-italy","tag-opportunities","tag-switzerland-en"],"_links":{"self":[{"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/posts\/227629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/comments?post=227629"}],"version-history":[{"count":8,"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/posts\/227629\/revisions"}],"predecessor-version":[{"id":230183,"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/posts\/227629\/revisions\/230183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/media\/227597"}],"wp:attachment":[{"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/media?parent=227629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/categories?post=227629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swissfederalism.ch\/en\/wp-json\/wp\/v2\/tags?post=227629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}