K-ICS

This course supports participants in acquiring knowledge about the actual required capital as defined in the K-ICS standards and methodologies for calculating available capital.

Instructor : 

Course Format : 

Course Duration : 

Study Period : 

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K-ICS

This course supports participants in acquiring knowledge about the actual required capital as defined in the K-ICS standards and methodologies for calculating available capital.

Instructor : 

Course Format : 

Course Duration : 

Study Period : 

Course Fee : 

Number of Lectures : 

Introduction

This course is a mandatory prerequisite for taking the Actuarial Working Level Certificate FUNDAMENTALS exam, which is part of the ADS certification program.

You may enroll in this course as a standalone subject without participating in the full certification program. If you wish to receive a certificate of completion after finishing the course, you can take the certificate exam to obtain it.

Alternatively, you can study at your own pace without participating in the certification program or the certificate exam.

Target Audience

This course is designed for undergraduate and graduate students majoring in accounting or actuarial science, individuals interested in the fields of accounting and actuarial science, job seekers, and actuaries or professionals working in international or multinational insurance companies.

Course Category

1. Actuarial Fundamentals
[Open in 2025]

- Premium and Surrender Value Calculation using Actuarial Tables
- Understanding Actuarial Science

2. Company-wide Training
(IFRS 17 / K-ICS)

- Examples of IFRS 17 Accounting Treatments
- Introduction to K-ICS
- Direction of Profit and Loss Management under IFRS 17

3. Product Development (TBD)
[Open February 2025]

- Practical Training on PV Generation Using Actuarial Tables
- Profit and Loss Analysis for New Products
- Development of Risk Rates

4. Assumption Management and Calculation

-Methodologies for assumptions of risk/policyholder behavior/expense allocation/economics
- Actuarial Assumption Management Strategies (Audit Trail)

5. Advanced IFRS 17 Actuarial Closing

- Advanced IFRS 17 Actuarial Closing Practices

6. K-ICS

- Overview of Risk Management in Insurance Companies
- Understanding Market Risk
- Understanding Interest Rate Risk
- Understanding Insurance Risk

7. Reinsurance
[Open in January 2025]

- Traditional Reinsurance
- Co-Reinsurance
- Excel-Based Reinsurance Profit and Loss Forecasting`

8. Management under IFRS 17 and K-ICS Standards

- Internal Model for Insurance Risk
- ALM Practices
- MCEV Management

9. Managerial Accounting
[Open coming]

- Biz Planning
- Selection of KPIs under IFRS 17 and K-ICS Standards
- Variable Product Hedging

10. Actuarial Software
[Open in 2025]

- Understanding Actuarial Software
- Pricing Practice
- Valuation Practice
- Internal Management Practice (Business Planning, ALM, etc..)

11. ERM (Enterprise Risk Managment)
[Open in 2025]

- Basic ERM Risk Management
- Insurance

12. Reporting automation
[Open in 2025]

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