This training course covers the most recent insurance industry developments to assist you in your role as a non-executive director in the insurance industry.

 Your topics for the day

IFRS 17 update

Presenter: Lyndall Green, Associate Director

As the industry moves into its second year of IFRS 17 Insurance Contracts (IFRS 17) as an effective standard, more insurers have released both interim and year end IFRS 17 compliant disclosures to the market. In this session, we will analyse emerging trends from these disclosures, discuss judgemental items impacting the industry as a whole, and consider what the next steps are in the journey beyond transition and into a more settled business-as-usual environment. This will assist you in your role as a non-executive director in pin-pointing risks and understanding the financial reporting results relevant to the insurers with which you work.

2023 insurance CEO outlook survey

Presenter: Mark Danckwerts, Partner

In an unpredictable operating environment characterized by geopolitical tensions, high inflation and rising costs, CEOs continue to face an array of challenges and opportunities. With change becoming almost a constant, KPMG International surveyed 128 CEOs to gain deep insight into their views and perspectives on the industry and wider economic landscapes now and over the next three years.

While the clear majority of insurance CEOs are confident of growth in the coming years, the numbers have declined compared to 2022. Strong and resilient leadership will be needed to help keep insurance firms moving progressively forward on the journey of change and transformation that they are on, especially with new developments like generative AI holding out so much potential to reimagine aspects of how the business is run.

In this session we will share with you more detailed insights into what insurance CEOs have to say about the key trends impacting the industry in an ever-evolving market.

Ten key regulatory challenges 2024

Presenter: Michelle Dubois, Senior Manager

KPMG’s Africa Regulatory Centre of Excellence is delighted to share their ten key regulatory challenges for 2024. This year we observe how regulatory scrutiny continues to intensify. The operating environment faces unprecedented threats, highlighting vulnerabilities across the business environment. Is your organisation playing the best they can with the hand they have been dealt?

In an ideal world, increased budget and raised priority for regulatory spend would go a long way to mitigating these risks, however the current environment requires insurers to be resilient and resourceful. Join us for an overview of what we believe are the key regulatory challenges for the insurance sector in 2024.

 

Logistics

Estimated CPD

4 hours

 Attendance can also be logged to support your continual professional development (CPD) requirements.

Click on this link for access to our full suite of 2024 insurance training courses on offer for the year.