IFRS 17 challenges actuaries both quantitatively and qualitatively
The IFRS 17 identity
By Servaas Houben
|DRS. S. HOUBEN AAG FIA CFA FRM works as Manager Actuarial at Ergo Insurance,
Do not judge a book by its cover: although many actuaries might consider IFRS 17 yet ‘another IFRS accounting standard’, and hence a feast for accountants, this new insurance standard still provides lots of opportunities for actuaries. Servaas Houben provides in this article some examples of IFRS 17 challenges for which actuaries with their numerical skills can be effective, and where the creative skills actuaries possess can let this principle-based standard come alive.
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This article represents the opinion of the author, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 33 – March 2023