Discount Rates in Financial Reporting: A Practical Guide

Discount rates can have a material impact on the financial statements of insurance companies and pension plan sponsors. It is, therefore, not surprising that a diversity of viewpoints and practices with respect to discount rates has developed across regions and practice areas. Adding to that diversity, capital market conditions, which can have an impact on the selected discount rate(s), can vary significantly from one country to another. They can also change quickly and vary dramatically over time. This seminar is based on the book “Discount Rates in Financial Reporting: A Practical Guide” (copyright © 2013 International Actuarial Association) which intends to provide actuaries practicing in the insurance or pension fields with a comprehensive resource related to the understanding, development, and use of discount rates in the context of financial reporting.

The seminar will cover topics beyond those addressed in the textbook. Advanced methods will be presented, together with applications. Participants may expect to discuss practical applications and European case studies not directly discussed in the textbook.

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