IFRS 17
Nuanciert, umfassend – und herausfordernd
This paper presents a solution to address (re)insurers’ challenges, including how to determine the confidence level needed for disclosure purposes and how to restate a given confidence level over different time horizons.
IFRS 17 requires preparers of accounts to derive discount rates for the valuation of the cash flows associated with their insurance contracts.
At the April IASB meeting, the Board discussed the next steps for the process of producing an exposure draft considering the tentative decisions made as well as discussing several less material sweep issues and annual improvements. Milliman consultants have produced a summary of the April meeting in a brief paper.
Insurers should carefully examine the consequences and reasonableness of coverage unit choices as they are especially important for determining the future profit signature under IFRS 17.
