Conferences and seminars

220 employees of insurance companies, the Polish Financial Supervision Authority, the Ministry of Finance, the Central Statistical Office and academic centres participated in a seminar called “Impact of regulatory changes on accounting and reporting of insurance companies”. The seminar was held on 30 November 2017 and was organised by the Polish Insurance Association in collaboration with KPMG.
The topic of the seminar was accounting, financial and actuarial matters – among other things selected issues ensuing from the implementation of Solvency II (solvency capital requirement – SCR – errors and problems with determining it, economic balance sheet – valuation rules and solvency and financial condition reporting – SFCR). Selected issues concerning IFRS 17, the new Act on certified auditors, classification of investments, activation of costs in intangible assets and definitions of group 3 insurance in section I were discussed.
During the seminar, Mrs. Beata Baluta, director of the Insurance Supervision Department of the Polish Financial Supervision Authority, gave a presentation on the most important urgent issues concerning accounting and reporting of insurance companies for the purpose of supervision.