IFRS 17: Deriving the confidence level for the Risk Adjustment: A case study for life (re)insurers
The IFRS 17 Risk Adjustment creates challenges for (re)insurers, such as how to determine the confidence level needed for disclosure purposes, and how to restate a given confidence level over different time horizons. This paper presents a solution to address these challenges and details a case study for a life company.
Below is an infographic that highlights the five key characteristics that can lead to a higher risk adjustment and the risk adjustment calculation techniques.
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About the Author(s)
Cormac Gleeson
Orlaith Lehane
Damien Louvet
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IFRS 17: Deriving the confidence level for the Risk Adjustment: A case study for life (re)insurers
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.