Duration: 1 day (5 hours + Lunch Break) Summary: Understanding the Technical Provisions of a P&C (Non-Life) insurer. Target: Executive and Non-Executive Directors, Senior Financial Reporting Professionals, Auditors and Regulators. This training is designed for senior stakeholders of nonlife (general) insurers who are not actuaries but seek a clearer understanding of how financial results are prepared, interpreted, and presented under different accounting and regulatory standards. Aim: This training aims to equip attendees with the confidence to engage meaningfully with actuarial and financial reporting teams, ask informed questions, and make well grounded strategic and regulatory decisions. Description: The course provides a strategic perspective on reserving and related actuarial work in P&C insurance. It emphasises the financial, regulatory, and strategic implications of the main item in an insurer’s balance sheet - the technical provisions. An understanding of the key underpinnings is essential to any senior position in insurance. No hands-on experience is required; the focus is on understanding the key drivers behind actuarial reserving decisions. This program will focus on real-life examples showing how results differ under different standards. The program highlights differences between UK GAAP, Solvency II and IFRS 17 together with their effect on reported results, instead of delving into the actuarial methodologies for calculating IBNRs. For example, we will attempt to understand how results changed in IFRS17 and the additional elements of IFRS17. Individuals are invited to bring their own set of financials to compare and discuss.