This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

IFRS 17 Insurance Contracts, the new global standard for insurance contracts, presents a fundamental shift in financial reporting within the insurance industry. Directors in an insurance company reporting under IFRS 17 have a multifaceted role that encompasses oversight, governance, strategic decision-making, stakeholder communication, risk management, and continuous monitoring. By fulfilling these responsibilities effectively, directors can help ensure that the company adapts to the requirements of IFRS 17 and maintains confidence among stakeholders in its financial reporting and operations.

To ensure that directors are equipped with the necessary understanding and insights into IFRS 17, our course is designed to provide board members with a high-level understanding of IFRS 17 and its impact on financial reporting, risk management, and strategic decision-making within insurance companies. More specifically, this course focuses on:

• The core principles of IFRS 17
• Risk management and strategic implications
• The role of a director in overseeing IFRS 17 reporting
• Stakeholder communication

Target Audience:

The session is aimed for board members (both executive and non-executive) within Insurance entities.

Learning Outcomes:

By the end of the course, board members will obtain a better understanding of the principles of IFRS 17 as well as its impact on financial reporting, risk management, and strategic decision-making process within insurance entities.

Date: 08/05/2024

Time: 09:00 – 11:15 (including 15 minutes break)

Venue: Live online session – details of how to join the meeting will be sent once registration is complete.

Fee: €30

CPE Hours: This course qualifies for 2 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Giselle Borg, Partner, Risk Consulting Advisory Services, KPMG in Malta

Giselle joined KPMG as an accountant in 2003 and spent the first 13 years of her career working within KPMG Malta’s audit department where she led audit and assurance engagements for various market players, with a focus on the insurance industry. Today, Giselle advises firms on financial services regulatory, risk and actuarial matters in the areas of corporate governance, regulatory reporting, risk management, internal audit (including AML) and actuarial services (including Solvency II and IFRS 17). Giselle also assists clients with their regulatory license application for setting up a regulated company in Malta.

Renzo Bugeja, Manager, Corporate Accounting Advisory Services, KPMG in Malta

Renzo joined KPMG’s Corporate Accounting Advisory Services function in 2018 upon completing his master’s degree in accountancy at the University of Malta. Renzo is mainly involved in advising a varied portfolio of local and international clients with their implementation of IFRS requirements. Renzo also delivers training on specific IFRS matters and local Companies Act requirements to his clients.

For every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!

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