On October 7, 8, 9, 14, and 15, the IFRS 17 Workshop was held virtually for ASSAL member insurance supervisors, a key standard in insurance regulation and supervision. The event, organized by the International Monetary Fund (IMF), the International Association of Insurance Supervisors (IAIS), and the Education Group of the Association of Latin American Insurance Supervisors (ASSAL), saw broad and diverse participation from regulators across the region.
On average, the workshop recorded 250 daily connections, with balanced gender participation: 52% women and 48% men. This high level of engagement reflects the growing interest and commitment of insurance supervisors to enhance their knowledge on the implementation of IFRS 17.
The workshop sessions were led by distinguished experts in the field: Eduardo Melinsky (PhD in Actuarial Economic Sciences and President of the Professional Actuary Commission of Argentina) and Hernán Pablo Casinelli (Master in Finance and General Director of the Accounting and Auditing Standards Board of Argentina), who shared their extensive knowledge and experience regarding IFRS 17. Additionally, the participation of the General Superintendency of Insurance of Costa Rica (SUGESE) was highlighted, presenting its practical experience in applying IFRS 17 in the country, providing a valuable example of how this standard is being implemented in the region.
IFRS 17 is an international standard that sets the requirements for financial reporting related to insurance contracts, and its proper application is essential for the transparency and stability of the global insurance market. The event offered an invaluable opportunity for attendees to share experiences, clarify doubts, and discuss the challenges and opportunities posed by the adoption of this standard. The joint effort to offer this workshop has reaffirmed the commitment of the organizing entities to the training and strengthening of the capacities of insurance supervisors in Latin America.
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