Description: Read the October 2017 issue of Expanding Horizons published by the Education and Research Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: The SOA’s Committee on Life Insurance Company Expenses (CLICE) has submitted its recommendation for the 2017 Generally Recognized Expense Table (GRET)

Description: IFRS 17 is causing insurers to rethink their investment management and ALM strategy. The presenters examine issues arising under IFRS 17 and IFRS 9 and the resulting challenges facing insurers, including the volatility and impact on financial statements. Solutions will be proposed including a discussion on how to deal with the disconnect between economic and accounting results. A case study will present the tradeoffs insurers must consider to optimize their portfolio under IFRS 17.

Description: This article highlights some key points for IFRS 17 Variable fee approach (VFA) and provides an illustrative example on the measurement model logic.

Description: This article highlights some key implications for reinsurance contract held and loss-recovery component IFRS 17.

Description: New International Financial Reporting Standards promise to trigger fundamental changes in the role and significance of actuarial models for insurers.

Description: This article explains the issue causing from asset dependency discounting as required by IFRS 17, and proposed some possible methods to solve the issue.