In this post, let's analyze the change in fulfilment cash flows over time and how these changes are reflected in the measurement of the insurance contract.
IFRS 17 specifies different treatments for changes in fulfilment cash flows, depending on whether the change relates to future service or past and current …
If you are an actuary, it is likely that you will come across the term Embedded Value (EV). Embedded Value is one of the reporting regimes - the set of rules of how to perform actuarial modelling and …
An actuary can be perceived as a superhero who helps protecting policyholders against risks. In this post, we will go over the risks that insurance companies face.
The main risks groups are: insurance, market and operational risks.
Insurance risks are the …
A proxy model is the simplification of the full valuation model. It should be as close as possible to the full results. The proxy model is faster than the full model.
The proxy model is likely to be used when the company has its own Internal Model and uses …