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Happy New Week #ICPARfam !
As you unfold your new week, catch up with the highlights of the Recent Trends on Insurance Industry workshop that transpired last week.
Link: https://t.co/tK8l8m2GMT
#RTII #UnlimitedPossibilities
Ending the two-day #RTII workshop is @JulianKayibanda - SIS Director @i_cpar who shared her appreciation for all delegates, speakers and the #ICPAR team who made the event a fortune.
@CentralBankRw @bkinsuranceltd @rrainfo @SONARWA #SafeBrokerage @staplebrokerage #DCIC
CPA #Joel engaging the participants on Accounting entries Under IFRS 4 and Under IFRS 17.
#RTII #Unlimitedpossibilities #insurance
Providing an introduction to Insurance Technical Provision, CPA Joel Nkezabera defined various key concepts; including Technical Provision, Insurance contract, Insurance indemnity contract, Premium, Actuary, Insurance policy and so many more.
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Up next and last speaker of the Recent Trends on Insurance Industry workshop is CPA Joel Nkezabera, CFO @MayfairRwanda who will be speaking on “Insurance Technical Provision”.
#RTII #Unlimitedpossibilities #insurance
Regarding “ forward looking” as one of the basic tenets of RBS, Mr. #Dilme has put across that judgement-based- Early intervention is therefore a critical objective.
#RTII #Unlimitedpossibilities #insurance
Mr. Dilme Drimas Niyonizeye- Director of Insurance & Pension Supervision @CentralBankRw is going to be discussing with the participants on “Core principles of risk-based supervision”.
#RTII #Unlimitedpossibilities #insurance
Moving on from a health break, the MC of the day @CPAEmmyClaude is welcoming back the participants into the room as well as introducing the next speaker.
#RTII #Unlimitedpossibilities #insurance
On the key disclosures’ highlights of IFRS, the overall objective is that an entity is to disclose information in the notes that, together with the information provided in the SOFP, SOP/L & OCI, and SOCF, gives a basis for users of…
1/2 #RTII #UnlimitedPossibilities
Today, CPA Nicholus Mushabenta will be dropping various insights on Preparation and presentation of FS for Insurance Companies and related important disclosures.
#RTII #Unlimitedpossibilities #insurance
Good morning #ICPARfam !
Before we kickoff the 2nd day of the Recent Trends on Insurance Industry workshop, click on the link below to watch yesterday’s highlight.
#RTII #UnlimitedPossibilities https://t.co/4wokyKKhXi
#Nicholus went further and gave illustrative examples to the delegates during his presentation on #InsuranceContracts.
#RTII #Unlimitedpossibilities
#Nicholus also explained much about the interaction between IFRS 17 & IFRS 9
“Many insurers will implement IFRS 9 with IFRS 17, due to interaction between the insurance liabilities & investments that are backing them.” He said.
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On the Practical criteria in line with how insurance contracts are managed, #Nicholus mentioned that the IFRS 17 does not require insurers to track the CSM at individual contract level. Released CSM is based on average per cohort’s coverage unit.
#RTII #UnlimitedPossibilities
Today, CPA Nicholus Mushabenta - Audit Partner @BDOUganda will be navigating a lot about the IFRS 17 Insurance contracts.
Did you know that IFRS 17 got effective on 1 January 2023?
#RTII #Unlimitedpossibilities
Opening up the #RTII workshop is the #ICPAR CEO @AminMhasibu as he welcomes the delegates.
“Your presence here is an indication that the insurance industry has commitment to maintaining professional obligations holding the key to securing its claim of public trust.”He remarked.
Our very own, the Director of Strategy and Institutional Sustainability @i_cpar , @JulianKayibanda will be facilitating the delegates through the day today.
#RTII #UnlimitedPossibilities
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