Description: Different points of view about IFRS are explained.

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: Chairperson’s column discussing current events in financial reporting focusing on IFRS accounting proposals for insurance contracts.

Description: The selection of the economic capital calculation approach becomes more of a modeling decision. Now let us pause here and think about the arbitrage-free assumption at the beginning. At any time, there can be only one price on any asset. If the company considers the price calculated above as the fair price for its products, then it must hold true that the same price has to be arrived at if the company uses a real-world pricing approach instead of a risk-neutral approach. This gives us a very good basis to calibrate the appro- priate economic capital.

Description: Update of IFRS Developments

Description: Developments in IFRS

Description: Market consistent valuations require path-dependent discounting for scenarios. IFRS 17's requirement to discount best-estimate cashflows using locked-in rates could give non-sensical results in many instances. This article describes a technique for calibrating each of the scenario's cashflows so that they can be discounted with other discount factors or curves without distorting the value of underlying options and guarantees.

Description: In light of the recent activity around the International Financial Reporting Standards IFRS, this article describes events that have happened in the past month or are imminent.

Description: Article announcing an upcoming monograph which will deal with methods for determining an appropriate rate of discount for financial reporting under international accounting standards.

Description: This scorecard informs section members about research projects in progress and recently completed that are sponsored or co-sponsored by the section.