Solvency II regime and IFRS 17 principles implementation | Insurance professionals are invited to an extensive training program, organized with the support of USAID

Actuaries, CFOs, as well as risk managers from insurance companies are invited to participate in the training program "Preparation for the implementation of the Solvency II regime and IFRS 17 principles", organized by the National Commission for Financial Markets (NCFM), in cooperation with the USAID Moldova Financial Sector Transparency Activity (FSTA) and the Moldovan Actuarial Association (AAM).

The program includes two training modules, which will take place during March 20 - 22 and March 27 – 28, 2023, respectively.

The aim of the first module is to familiarize insurance companies with the requirements of the Solvency II Directive (the main EU legislative act in the field of insurance), partially transposed in Law no. 92/2022 on insurance or reinsurance activity. The International Standard on Insurance Contracts - IFRS 17 module covers some aspects related to requirements for presentation and disclosure of information under IFRS 17, evaluation models as well as other particularities regarding the transition to the new International Financial Reporting Standard (IFRS).

The trainings will be conducted by the international experts Siegbert Baldauf and Dan Sfetcu, with extensive experience in the actuarial field. All sessions will be held in person, at Jolly Alon Hotel, between 9:00 a.m. and 6:00 p.m. The in-person participation will be according to availability, based on prior registrations and email confirmations received by March 17, at 12.00.

Over 200 participants in the third AML/CFT Training, organized by the NCFM and USAID FSTA Project

Insurance companies benefited from training on Solvency II and IFRS 17 implementation, organized by NCFM with USAID and AAM support