My Skill Lab
Insurance · Finance & Accounts AccountingAdvanced

Insurance Finance and NFRS 17

Insurance accounting, investments and the move to NFRS 17 in Nepal.

Taught by My Skill Lab Insurance Faculty · Insurance Practitioners

What you'll learn

  • Read an insurer's balance sheet and income statement and explain its key liabilities.
  • Apply the Authority's investment and solvency constraints when planning investments and dividends.
  • Explain the NFRS 17 building blocks: fulfilment cash flows, risk adjustment and contractual service margin.
  • Choose between the general measurement model, premium allocation approach and variable fee approach.
  • Plan the data, system and reporting changes needed for NFRS 17 and dual reporting in Nepal.

About this course

For finance, accounts and actuarial-support staff at Nepali insurers. Understand how an insurer's financial statements work, the investment and solvency constraints set by the Nepal Insurance Authority, and the measurement models of NFRS 17 (Nepal's adoption of IFRS 17), including the dual reporting arrangement the Authority introduced during transition.

Course content

5 lessons
  1. 1How an Insurer's Financial Statements WorkPremium in first, claims later: the insurance business model in numbers.Preview
  2. 2Investments, Solvency and DividendsWorking within the Authority's investment and risk-based capital rules.
  3. 3NFRS 17 Building BlocksFulfilment cash flows, risk adjustment and the contractual service margin.
  4. 4PAA, VFA and Reinsurance Under NFRS 17Which measurement model applies where, and how reinsurance held is treated.
  5. 5Implementing NFRS 17 in Nepal: Data, Systems and Dual ReportingA practical transition plan under the Authority's guidelines.