IFRS 17 is undoubtedly the most significant change to insurance accounting requirements for the past 20 years. With the new IFRS 17 for insurance contracts, insurers will now have to change the accounting for liability measurement and profit recognition.
Partnering with CCH Tagetik and Infor Software (Thailand), this seminar will provide an in-depth understanding of the importance of IFRS 17, how you can get your backend financial system ready for the upcoming challenges, examining transitions and data integrations; to propose an End-To-End Solutions.
Join us in this free seminar on Wednesday, 19th June 2019 from 9:00AM –01:00PM as the industry’s leading experts from Triforce, PwC and CCH Tagetik will discuss the appropriate controls, measurement models, and systems to minimise the business impact of IFRS 17.
Take advantage and review the best ways to prepare for IFRS17 ahead of 2022.
This seminar is intended for CFOs, Chief Actuaries, CIOs, CTOs, Finance Directors, Financial Controllers, FP&A Directors, Finance Business Partners, Heads of Finance Systems, and Heads of Financial Transformation in the Insurance Sector.
Date : Wednesday 19 June 2019
Time : 9:00 – 13:00 hrs.
Venue : Ballroom II Level 2 Sheraton Grande Sukhumvit, Bangkok
Agenda
08:30a.m – 09:00a.m : Registration
09:00a.m – 09:10a.m : Welcome Remark – Nuttama Keoboonrueng, Managing Director, Triforce
09:10a.m – 09:45a.m : IFRS17 Scope, Measurement Models and Impact on Business, Operations and Systems – The standard that becomes effective in 3 years, will result in significant changes to the way that financial information is presented, and adoption will require significant planning. This session covers at a high level the measurement models of IFRS 17, impact of the change on the processes, systems & disclosure reporting. – Anothai Leekitwattana, Partner, PwC Thailand
09:45a.m – 10:15a.m : Solution Overview and System Considerations – Discover in action how CCH Tagetik’s IFRS 17 Starter Kit can help you comply with the IFRS 17 reporting requirements by seamlessly automating the calculation of your Insurance contracts based on the BBA, PAA and VFA methodologies, through its built-in calculation and reporting engine – Girish Muzumdar, Presales Director, APAC – CCH Tagetik
10:15a.m – 10:30a.m : Coffee Break
10:30a.m – 11:00a.m : Strategies for Implementation – based on a customer use case – and assessing readiness of your organization – Learn how you can assess your readiness, transition from IFRS 17 strategy to execution. Points to ponder and watch out before starting the IFRS 17 compliance projects in terms of available data; impacts on systems & processes; resources required such as team composition and general roles and responsibilities, and duration of typical implementations and high level steps. – Mahadevan Natarajan, Senior Director Financial Applications, APAC – CCH Tagetik
11:00a.m – 11:30a.m : Is your Backend Financial Systems ready for IFRS17 ? – Discover the gap and series of financial accounting changes due to IFRS17 compliance. What are finance’s IFRS 17 accounting requirements ? – Teoh Eng Seong, Regional Sales Director, Triforce
11:30a.m – 11:45a.m : Q & A
11:45a.m – 11:55a.m : Lucky Draw
11:55a.m – 12:00p.m : Closing Remark
12:00p.m – 01:00p.m : International Buffet Lunch @ Basil Room on the First Floor
IFRS 17 is undoubtedly the most significant change to insurance accounting requirements for the past 20 years. With the new IFRS 17 for insurance contracts, insurers will now have to change the accounting for liability measurement and profit recognition.
Partnering with CCH Tagetik and Infor Software (Thailand), this seminar will provide an in-depth understanding of the importance of IFRS 17, how you can get your backend financial system ready for the upcoming challenges, examining transitions and data integrations; to propose an End-To-End Solutions.
Join us in this free seminar on Wednesday, 19th June 2019 from 08:30AM – 01:00PM as the industry’s leading experts from Triforce, PwC and CCH Tagetik will discuss the appropriate controls, measurement models, and systems to minimise the business impact of IFRS 17.
Take advantage and review the best ways to prepare for IFRS17 ahead of 2022.
This seminar is intended for CFOs, Chief Actuaries, CIOs, CTOs, Finance Directors, Financial Controllers, FP&A Directors, Finance Business Partners, Heads of Finance Systems, and Heads of Financial Transformation in the Insurance Sector.
Date : Wednesday 19 June 2019
Time : 08:30 – 13:00 hrs.
Venue : Ballroom II Level 2 Sheraton Grande Sukhumvit, Bangkok (Asok BTS Station – E4)
Agenda
| Time | Topics |
| 08:30 – 09:00 | Registration, Meet & Greet |
| 09:00 – 09:10 | Welcome Remark Nuttama Keoboonrueng, Managing Director, Triforce |
| 09:10 – 09:45 | IFRS17 Scope, Measurement Models and Impact on Business, Operations and Systems The standard that becomes effective in 3 years, will result in significant changes to the way that financial information is presented, and adoption will require significant planning. This session covers at a high level the measurement models of IFRS 17, impact of the change on the processes, systems & disclosure reporting. Anothai Leekitwattana, Partner, PwC Thailand |
| 09:45 – 10:15 | Solution Overview and System Considerations Discover in action how CCH Tagetik’s IFRS 17 Starter Kit can help you comply with the IFRS 17 reporting requirements by seamlessly automating the calculation of your Insurance contracts based on the BBA, PAA and VFA methodologies, through its built-in calculation and reporting engine Girish Muzumdar, Presales Director, APAC – CCH Tagetik |
| 10:15 – 10:30 | Coffee Break |
| 10:30 – 11:00
| Strategies for Implementation – based on a customer use case – and assessing readiness of your organization Learn how you can assess your readiness, transition from IFRS 17 strategy to execution. Points to ponder and watch out before starting the IFRS 17 compliance projects in terms of available data; impacts on systems & processes; resources required such as team composition and general roles and responsibilities, and duration of typical implementations and high level steps. Mahadevan Natarajan, Senior Director Financial Applications, APAC – CCH Tagetik |
| 11:00 – 11:30 | Is your Backend Financial Systems ready for IFRS17 ? Discover the gap and series of financial accounting changes due to IFRS17 compliance. What are finance’s IFRS 17 accounting requirements ? Teoh Eng Seong, Regional Sales Director, Triforce |
| 11:30 – 11:45 11:45 – 11:55 | Q & A Lucky Draw |
| 11:55 – 12:00 | Closing Remark |
| 12:00 – 13:00 | International Buffet Lunch @ Basil Room on the First Floor |