IFRS 17: Identification of Insurance Revenue

Einleitung/Dauer

The main improvement in insurance accounting under IFRS 17 was to align the income statement with modern accounting principles. IFRS 17 requires differentiation between movements of the insurance contract liability that represent earnings received for providing services and are presented as insurance revenue, expenses resulting from the provision of services, and insurance finance income or expense resulting from financial activities and other movements, that do not qualify to be presented in the income statement, particularly, premiums received and repayments of amounts received. Traditional accounting often presented only the net movement of insurance contract liabilities, premiums received, and costs and benefits paid in the income statement, without allowing users of the report to understand the sources of the profits remaining.

Actuaries need to categorise the movement of the insurance contract liability in accordance with the accounting concept of revenue. The purpose of the online seminar is to discuss the accounting concepts of the income statement for identifying the elements of the insurance contract liability movements.

Preliminary Programme
Thursday, 12 November 2026
09:00-10:30 The concept of revenue recognition
10:30-11:00 Break
11:00-12:30 Details of identifying the elements of the liability movements

All the above times are given in CET (Central European Time).

Vorgehensweise und Ziele

The web session should enable the participant to identify the elements of liability movements to be presented separately in the income statement under IFRS 17. The online seminar outlines the theoretical concepts and discusses their application for the main business cases.

Teilnehmer

The web session is suitable for actuaries, accountants, and auditors with a good understanding of IFRS 17.

Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure to join the web session with a stable internet connection.

Dozierende

Stefan Engeländer
is a retired senior manager at KPMG Germany, working as a freelancer for KPMG International, KPMG Austria, and KPMG Switzerland. He is the actuarial advisor to KPMG’s international IFRS insurance team. He supported large international insurance and reinsurance groups in implementing IFRS 17 and in audits of such entities. Before joining KPMG, Stefan worked as a valuation actuary and appointed actuary for national and international insurance entities. Stefan has been a member of IFRS working parties of the IAA and DAV for decades and has contributed to many national and international papers and actuarial standards in this context. Stefan is successively publishing parts of a comprehensive commentary on IFRS 17 based on the information collected over decades of accompanying the IASB Insurance Project.

Sprache/Kurztitel

The language of the web session will be English.

CPD Credits
For this web session, the following CPD credits are available under the CPD scheme of the relevant national actuarial association:

• Austria: 3 points
• Belgium: 3 points
• Bulgaria: 4.5 points
• Croatia: individual accreditation
• Czechia: 3 hours
• Denmark: 3 credits
• Estonia: 3 hours
• Finland: 3 points
• France: 18 points
• Germany: 3 hours
• Greece: 4 points
• Hungary: 3 hours
• Iceland: 3 credits
• Ireland: 3 hours
• Italy: GdLA individual accreditation
• Latvia: 3 hours
• Lithuania: 3 hours
• Netherlands: approx. 3 points (individual accreditation)
• Norway: 3 points
• Poland: 3 hours
• Portugal: 3 hours
• Serbia: 3 hours
• Slovakia: individual accreditation
• Slovenia: individual accreditation
• Spain: CAC: 3 hours, IAE: 3 hours
• Switzerland: individual accreditation
• USA: SOA (Section B): up to 3.6 hours

No responsibility is taken for the accuracy of this information.