This session aims at analysing the impact of IFRS17 versus Solvency II. After a general description of both frameworks, we highlight the most recent expected changes following the Solvency II review with a focus on discount rates and risk margin. We will then explain IFRS17 accounting choices versus Solvency II and benchmark those. Finally, we will show the impact of IFRS17 on the management of the contracts when issued and during their lifetime (profit testing and key indicators).

Participants are expected to have an intermediate knowledge of both IFRS17 and Solvency II frameworks.

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 that you are joining the web session with a stable internet connection.

The purpose is to understand the key accounting choices under IFRS17 and how they relate to Solvency II. This has an impact when valuing and managing insurance contracts. This will also allow users of financial and prudential information to get a better understanding of the figures depending on the purpose and methodology used.

The language of the web session will be English.

Daphné de Leval
Daphné has about 20 years of professional experience.  She is mainly specialized in life insurance actuarial techniques, pension funds and risk management. She has worked on diverse functions: Solvency II implementation, risk management, financial and prudential audit, IFRS 17 implementation, Sustainability Projects and M&A. She is an active Actuary at European level within the Actuarial Association of Europe (AAE) (Vice-Chair Insurance Committee, Solvency II, and Sustainability).