IFRS17: Business Networking Brunch

Real Experiences and the expected impact 

27 September 2018, 09:30 • British Ambassador's Residence • Athens

IFRS17 | Thursday, September 27, 2018 

British Ambassador's Residence

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.




09:30-10:00Registration & Welcome Coffee

Welcome Speech

Kate Smith, British Ambassador to Greece
Alexander Turner, President - BHCC, Managing Director - Carpenter Turner SA
Nikos Peppas, Regional Director Greece & Eastern Europe- SAS 
Panos Dimitriou, President Association of Actuaries


IFRS17: Introduction to the new Insurance Accounting Standard

-Brief historical view: from IFRS4 to IFRS17
-Discussion about the General Model (BBA &VFA) and PAA approaches
-What are the major impacts on insurers

Michalis Prinarakis, Chief Actuary- MetLife Greece & Member of Hellenic Actuarial Sociaty & CFA Charterholder

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  
11:35-11:45Main Synergies & Benefits across Risk & Finance operational Functions

Nektarios Konstantinou, Sr Industry Consultant, Risk Global Practise - SAS
BREAK - Live Demo: SAS IFRS17

Panel: Risk and Finance Transformation: Τhe insurance market view on IFRS17 

ModeratorAlexandros Zimbidis, Professor of Actuarial Science – Athens University of Economics and Business

13:25Business Brunch at the Garden of British Ambassadors Residence

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

British Ambassador's Residence

Loukianou 2
Athens, 10675

~ Thursday, 27th September 2018 | 09:30 ~

Contact us:

For further information

Elpida Kallia
Regional Go to Market Head for Middle East & Eastern Europe, SAS

+30 210 6898730


Under the auspices of: