FRS 17 & 9 Insurance Awareness Session for BIA Members
Invitation to KPMG in Bahrain event
IFRS 17 & 9 Insurance Awareness Session
IFRS 17 is on the horizon and will represent a new era in terms of the presentation of the Insurer’s financial statements. The impact of the new standard will vary significantly from company to company, but it is certain to see many and various impacts. Due to the technical complexity of the standard, insurers will need to start working now on educating their stakeholders, assessing the impact and build a clear understanding of the requirements and helping them to successfully embed the changes.
Moreover, the imminent roll out of the IFRS 9 Financial instruments for insurers requires Insurers to be familiar with those additional changes to apply them effectively.
By harnessing the expertise of our IFRS 17 & 9 and learning design experts, KPMG in Bahrain is cordially inviting you to attend IFRS 17 & 9 Insurance Awareness Session. The session represents an ideal platform for Board members, Regulators, Management and Finance, IT, Actuary, Internal Audit and Accounting professionals to network, gain knowledge on the new standards and stay updated on the latest industry trends.
Yusuf Hasan, IFRS 17 Implementation Lead KPMG Partner in the MENA region will moderate the session and will be joined by representatives from Bahrain Insurance Association (BIA) and Bahrain Insurance Industry.
08:30am – 09:00am Guests arrival & registration
09:00am – 09:10am Welcome address –
Jamal Fakhro, Managing Partner, KPMG in Bahrain
09:10am – 09:20am Introduction –
Jaafar AlQubaiti, Partner & Head of Audit, KPMG in Bahrain
09:20am – 09:30am Insurers view and plan –
Jawad Mohamed, BIA’s Deputy Chairman & Solidarity Bahrain Chief Executive Officer
09:30am – 10:30am IFRS 17 & 9 developments, updates and roadmap – Yusuf Hassan, Partner & Head of Accounting Advisory Services, KPMG in UAE
10:30am – 11:00am Discussion panel:
Q&A session to discuss & share challenges and recent IFRS 17 & 9 updates for Insurers –
Yusuf Hassan, KPMG in UAE
Mahesh Balasubramanian, KPMG in Bahrain
Venkatesan Muniswamy, Solidarity Group Chief Operation Officer and Solidarity Bahrain Board member
R. Sundaram, BKIC Chief Financial Officer
Venue: Awal Ballroom, Gulf Hotel, Adliya
Date: Monday, 9 December 2019
Time: 08:30am – 11:00am
Partner & Head of Audit
Sayed Mohamed Almajed
IFRS 17 Lead Manager