Insurers' investment accounting: French GAAP and IFRS
How an insurer accounts for its investments, from French GAAP (French Insurance Code, ANC Regulation 2015-11) to IFRS (IFRS 9, IAS 21, IFRS 17), with tax and Solvency II: bonds, equities, funds, property, derivatives, repos and securities lending, impairment and hedging. Journal entries and worked numerical cases.
Videos in preparation: meanwhile, each module can be followed with its annotated slides and its quiz.
Access: an e-mail address is enough, you receive a sign-in code. Free modules need no bank card.
What you will be able to do
- Place investments in an insurer's balance sheet, their process chain and accounting framework
- Value securities (IFRS 13) and classify them under R343-9, R343-10 or R343-13
- Account for bonds, equities, unlisted assets, property, funds and derivatives under French GAAP
- Handle repos, securities lending, corporate actions, FX, impairments and tax adjustments
- Apply IFRS 9 and IAS 21: classification, amortised cost, ECL, derivatives, hedge accounting
- Link investments, IFRS 17 and Solvency II: VFA, CSM, standard formula shocks, QRTs
Who it is for
Investment accountants and controllers, insurers' consolidation, actuarial and risk teams, auditors and consultants.
Prerequisites
Basic general accounting (debit, credit, balance sheet, profit and loss); ideally the foundations of the “Financial assets” course.
Included
- Video with chapters
- PDF slides
- Marked quiz
- Verifiable certificate
Programme
Fundamentals
- 01An insurer's investments: balance sheet, chain, accounting framework
- 02Markets, quotation and valuation of securities (IFRS 13)
Intermediate
- 03French GAAP: R343-9, R343-10, R343-13 and the classification tree
- 04Bonds and negotiable debt under French GAAP: premium, discount, capitalisation reserve
- 05Equities, unlisted securities and property under French GAAP
- 06Funds, unit-linked investments and ring-fencing
- 09Repos, securities lending, collateral, corporate actions
- 10FX and impairment: PDD, PRE, capitalisation reserve
- 12Life of a security and notes to the statutory accounts
- 13IFRS 9 (1): business model, SPPI test, four categories
- 14IFRS 9 (2): bonds, negotiable debt securities and shares
- 15IFRS: unlisted assets, property, funds and dedicated funds
- 16IFRS: IAS 21 foreign exchange and ECL impairment
Advanced
- 07Derivatives under French GAAP (1): IFT, strategies, options and caps
- 08Derivatives under French GAAP (2): swaps, FX forwards, CDS, futures, forwards
- 11Tax adjustments on investments
- 17IFRS 9 (3): hedge accounting
- 18IFRS: interest rate, currency, equity and credit derivatives
- 19IFRS: repos, lending, collateral, distributions, PPA, events
- 20IFRS 17 and the life of a security: linking assets and liabilities
- 21Solvency II and investments
Training a team? Access for several employees, on quotation. admin@axent-consulting.com