There are significant challenges facing actuaries and accountants tasked with selecting and implementing the discount curve methodology for their organization. In this three-part guide, topics we explore:
With the IFRS 17 accounting standard, insurers need to understand the patterns of profit emergence that arise under the standard, and how current business and methodology decisions affect such patterns. As a principles-based standard, insurers must make several immediate decisions about their specific implementation. These decisions can have a major impact on the timing of reported profit and loss.