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A complimentary live event from SAS

SAS Insurance Risk Forum:
Perspectives on IFRS 17

March 14 | 787 Seventh Ave.| New York City

IFRS 17 will significantly change the way insurers manage their business. International insurance organizations that have US GAAP as the primary basis of accounting are further challenged with supporting both standards in parallel.

The coordinated application of US GAAP and IFRS financial reporting and disclosures will undoubtedly affect data, IT infrastructure, technology, accounting and actuarial requirements now and in the future. However, insurers can create business value across the organization with the right software tools and technology.

Join SAS and our guest speakers for this one-day, live event designed to inform, support and drive successful IFRS 17 compliance. Listen in, ask questions and leave with the answers you need as we explore:

  • An overview of IFRS accounting changes, IFRS 17 and IFRS 9.
  • Changes happening in GAAP accounting for insurers, LDTI and CECL.
  • Technology and infrastructure considerations for IFRS 17 implementation.
  • What your peers are thinking about as they start their IFRS 17 projects.

Event Details

SAS Insurance Risk Forum:
Perspectives on IFRS 17
March 14
8 a.m. – 6:30 p.m.

SAS New York Office
787 Seventh Ave.
47th Floor
New York, NY 10019

Agenda

  
8:00 – 9:30 a.m.Registration, Coffee and Light Breakfast
8:30 – 9:00 a.m.Introduction and Market Update
Mike Middendorf, Vice President of Sales for US Financial Services, SAS
Renzo Traversini, Senior Director for Risk Consulting, SAS

9:00 – 10:00 a.m.Current State of IFRS 17
Stefan De Lombaert, IFRS 17 Solution Lead, SAS
Bryce Ehrhardt, Director of Accounting Advisory Services, KPMG US
David Anderson, Advisory Director for Risk Consulting, KPMG US

Get an overview of IFRS 17, the delayed implementation, how it replaces the interim IFRS 4, and why it is vital to start now on an action plan.
10:00 – 10:15 a.m.Break
10:15 – 11:30 a.m.GAAP Accounting Principles and Compliance
Srini Iyer, Director of Industry Consulting for Risk Solutions, SAS
Bryce Ehrhardt, Director of Accounting Advisory Services, KPMG US

GAAP is also undergoing significant changes. Learn how US GAAP principles are targeted at improving accounting for long-running contracts.
11:30 a.m. – 12:30 p.m.Lunch
12:30 – 2:00 p.m.Impacts on Data, Systems, Processes and the Need for Change Management
Stefan De Lombaert, IFRS 17 Solution Lead
Ben Roberts, Partner, Financial Services Data Transformation, KPMG US
Tony Beirne, Director of Risk Analytics and Actuarial, KPMG US

Developing a data management policy early on is important. We will discuss data requirements and how the standard will influence new estimates, computations and processing. We’ll share examples of how the new standard can affect existing systems, and the importance of leadership and awareness for a successful implementation.
2:00 – 2:15 p.m.Break
2:15 – 3:00 p.m.Software Selection and Implementation Considerations
Srini Iyer, Director of Industry Consulting for Risk Solutions, SAS
Gennadiy Belenkiy, Vice President of IT, Prudential Financial

Don’t underestimate the impact of the IFRS 17 standard. We’ll explain how and why it is critical to start now, dedicate the necessary resources and set milestones to monitor progress.
3:00 - 4:00 p.m.SAS IFRS 17 Solution Demo
4:00 - 5:00 p.m.
Industry Perspectives Panel Discussion and Q&A
Gennadiy Belenkiy, Vice President of IT, Prudential Financial
Lee Campbell, Global Head of Accounting Policy, AIG
Ed Nosenzo, North America Chief Financial Officer, Gen Re
Paul Travers, Senior Vice President - Finance Technology, Data & Process, MetLife
5:00 - 6:30 p.m.Reception

Registration: SAS Insurance Risk Forum: Perspectives on IFRS 17

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