IFRS 17 for Executives

IFRS 17 adoption has wide-ranging, significant impacts on investor education, underlying processes, systems, internal controls, valuation models, and other fundamental aspects of the insurance business.

During this module we will discuss how IFRS 17 is used to steer the business, the important points to be considered by the different key stakeholders and the new KPI. Our experts will also share lessons learnt from the post transition reporting reporting and disclosures as well as the questions raised by the analyst community.

Build knowledge around key results of IFRS 17 implementation, understand IFRS 17 principles and market practices, investor communication. Examples on how IFRS 17 is used for business steering.

• Overview of implementation programmes
• Impacts - Business, operational, systems, talent
• Key drivers of change IFRS 4 -> IFRS17
• KPIs under IFRS 17
• Leveraging Solvency II for IFRS 17
• IFRS 17 post implementation experience

This training is coordinated by Pavel Kostyuchenko, Partner at PwC Luxembourg and will be supported by other experts of PwC Luxembourg daily involved in the implementation of the IFRS for insurers.

Pavel Kostyuchenko is a partner and Fellow of the Institute and Faculty of Actuaries, specialising in actuarial consulting and risk modelling for the financial sector with over 20 years of experience, including 17 years at PwC. He leads PwC Luxembourg's actuarial and risk modelling services practice and previously headed actuarial practices in PwC’s CEE offices in Asia. Pavel advises insurers and reinsurers on reserving, financial reporting, IFRS17, Solvency II, business planning, and acquisitions. He contributes to PwC’s global Actuary of the Future and Actuarial Modernisation initiatives and supports the UK Institute and Faculty of Actuaries on the profession’s future in overseas markets. His expertise includes risk capital frameworks, strategic asset allocation, and ALM, serving clients in insurance, asset management, and the public sector.