New approaches to financial reporting under IFRS4 Phase II & Solvency II
28-29 November 2011
Grange City Hotel, Central London
This years’ Practitioners Forum on IFRS for Insurers’ explores how new financial reporting requirements will impact preparers of insurance company accounts over the coming months.
Accompanying the comprehensive two day programme there are two uniquely practical workshops. Moore Stephens is running the pre-conference workshop on 27 September – A practical introduction to Solvency II for financial accountants.
The pre-conference workshop will provide an introduction/refresher on the key concepts of Solvency II and will update delegates on the latest regulatory position – highlighting the particular impact on finance functions.
The workshop will explore the following aspects of Solvency II:
An introduction and update on Solvency II implementation
- The basics of Solvency II – a quick reminder
- Where are we now including the current political process and latest timelines
- Where firms should be now in their preparation for the new regime
Financial accounting update and comparison to Solvency II
- Update on the IFRS 4 Phase II insurance accounting project
- Similarities and differences between IFRS and Solvency II principles
- What are the key practical IFRS II and Solvency II implementation issues
The role of Technology in Solvency II
- The critical role of data in the Solvency II regime
- What the regulators will be looking for?
- Demonstrable data governance and the implementation framework
Actuarial matters from finance team perspective
- What can firms learn from the QIS5 process?
- Standard formula v Internal Model v Partial Model
- Using the results in your business – the Use Test
- Disclosure requirements and issues
Moore Stephens senior professionals will be presenting including Simon Gallagher, Charles Portsmouth, Michael Butler, Paul Latarche, David Edison and Steve Williams.
Read the full event programme.