Peak Re China Webinar Series: The impact of IFRS17 on insurance and reinsurance

The last webinar of the four-part Peak Re China Webinar series. Titled “The impact of IFRS17 on insurance and reinsurance”, Peak Re’s Chief Financial Officer and experienced actuaries will take a deep dive into the latest International Financial Reporting Standard (“IFRS”) 17 issued by the International Accounting Standards Board. IFRS 17 is set to replace IFRS 4 in 2023 and will have extensive implications on how re/insurers calculate and disclose financial information.

The webinar will be conducted in Mandarin, and is an invitation-only event.

For our invitees, the recording will be available for a month.

Date: 3 June 2021 (Thursday)

Time: 3:00pm – 5.30 pm (China time)

Duration: 2 hours 30 mintues

We will cover the following key points:

• An overview of IFRS 17 and its impact on redefining accounting practices in the re/insurance industry.

• Breakdown of the key features of IFRS 17, including the Building Block approach and Premium Allocation approach, and the difference between the new standard and existing practices

• Impact and challenges in implementing IFRS 17.

Speakers from Peak Re:

Welcome speech:

Mr. Franz Josef Hahn, Chief Executive Officer

Our presenters include:

• Cathy Chen, Chief Financial Officer
• Tony Zhong, Vice President, Reserving
• Raymond Yau, Assistant Vice President, Reserving