The event is targeted to the Insurance Industry:
- General Managers.
- CFOs
- Head of Finance Controller
- Head of Accounting,
- Head of Controlling
- Head of Accounting
- Risk Management Head
- Compliance Head
IFRS17: Business Networking Brunch
Real Experiences and the expected impact
The new International Financial Reporting Standards (IFRS 17) is expected to bring significant changes in the financial processing of insurance contracts and will indeed cause important changes on the business models of the Insurance Companies.
Although the IFRS 17 will be applied on January 1st, 2021, the degree of complexity necessary for its application is such, that it will have a huge impact on the Insurance Companies much earlier. It is estimated that the new financial model will bring the most significant changes so far, to the established structures, the IT systems and the collection of data required for its successful implementation.
SAS, a leading Business Analytics Software Company with vast experience in compliance projects like Basel, Solvency, AML D4, GDPR and IFRS9, invites you to participate to this information event about the IFRS17, aiming to highlight the most important aspects of these Standards.
During the event you will have the opportunity to learn about:
• the details of the IFRS17, analyzed by Greek Market Experts (Certified Auditors, Representatives of insurance companies, Consultants, Academics, and others..)
• the way, international insurance companies have already approached the IFRS17- the steps and the measures applied in order to comply with the specific requirements
• Best practices.
*Please note, that this is an invitation-only event. British Embassy will send out personal invitations to the Insurance professionals who cares about this subject matter. Entrance at the venue, will be allowed only by presenting this personal invitation and ID they receive from the Embassy.
**Free entrance - limited seats available- first come first served policy.
09:30-10:00 | Registration & Welcome Coffee |
10:00-10:15 | Welcome Speech Kate Smith, British Ambassador to Greece |
10:15-10:55 | IFRS17: Introduction to the new Insurance Accounting Standard -Brief historical view: from IFRS4 to IFRS17 Michalis Prinarakis, Chief Actuary- MetLife Greece & Member of Hellenic Actuarial Sociaty & CFA Charterholder |
10:55-11:35 | IFRS17: The SAS Approach & Learnings from Real-life projects implementations, SAS experiences in Big Groups & Small Insurers Joanna Starczewska, Advisory Business Solutions Manager, Risk Global Practise - SAS |
11:35-11:45 | Main Synergies & Benefits across Risk & Finance operational Functions Nektarios Konstantinou, Sr Industry Consultant, Risk Global Practise - SAS |
11:45-12:05 | BREAK - Live Demo: SAS IFRS17 |
12:05-13:25 | Panel: Risk and Finance Transformation: Τhe insurance market view on IFRS17
Moderator: Alexandros Zimbidis, Professor of Actuarial Science – Athens University of Economics and Business |
13:25 | Business Brunch at the Garden of British Ambassadors Residence |
The event is targeted to the Insurance Industry:
Elpida Kallia
Regional Go to Market Head for Middle East & Eastern Europe, SAS
elpida.kallia@sas.com
+30 210 6898730