12.00pm - 12.30pm: Light Lunch/ Tea/Coffee
12.30pm - 2.00pm: Meeting
This presentation is the second in a series of IFRS 17 talks prepared jointly by the SAI life and non-life IFRS17 working groups. It builds on the introductory session in November 2018 and includes the following:
- High-level update on IFRS 17 developments
- Deep dive on the General Measurement Model ("GMM", also referred to as the Building Block Approach or "BBA"), specifically:
- Present value of future cashflows, including discount rate considerations
- Risk adjustment
- Contractual service margin ("CSM") and example walk-through
- Profit emergence
- Coverage units
It is suitable for both Life and Non-Life members.
LIA Accreditation: This event has been accredited by the LIA.