2025 SOA ImpACT Conference Virtual:Session 6E: Detailed Numerical Examples for IFRS 17 Key Accounts _ A Life Company Perspective-12.04.25 Recording

Building on our session at last year's conference, we will provide detailed numerical examples and the key formulae used to create the key accounts of IFRS17. These include initial recognition (IR), best estimate liabilities (BEL), risk adjustment (RA), and contractual service margin (CSM). We will also discuss subsequent measurement and how IFRS 17 provides tools-mainly the expected IR road map figures-to identify, quantify, monitor and manage the risks of a life insurance company. Key learning outcomes: - Create the expected Initial recognition accounts in detail, and explain the key components of each account (namely reserves at beginning, net premiums, investment income and cash flow outflow). - Reconcile actuarial and accounting figures and explain the difference between single premium reserves vs. level premium reserves. - Discuss how IR is used as a road map and a sort of road lanes to manage the key risks of a life insurance company, as in the subsequent measurement exercise.